The IMF released a statement at the conclusion of a week-long visit to Ghana as part of ongoing obligations under the $3 billion loan package that was authorized in May.
The International Monetary Fund (IMF) said on Thursday that there are indicators of economic stability in Ghana, including lower inflation, more international reserves, and less erratic currency rates.
“In discussing progress on the debt restructuring operations, we reiterated that timely restructuring agreements with creditors are essential to secure the expected benefits of the Fund-supported program,” the IMF relayed via a statement. The international lender also stated that the first formal program review is expected this autumn.
