The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has arrived in Ghana for her first official visit to the country. She is accompanied by other high-ranking officials from the IMF, including the Director of Africa Department, Abebie Selassie, and Stéphane Roudet, IMF Mission Chief for Ghana.
During her visit, Madam Georgieva is scheduled to have discussions with President Nana Addo Dankwa Akufo-Addo, Vice President Mahamudu Bawumia, Minister of Finance Dr. Mohammed Amin Adam, and the Governor of the Bank of Ghana, Dr. Ernest Addison. These meetings aim to strengthen collaboration between Ghana and the IMF as the country continues to implement its three-year IMF program, which was initiated to support economic recovery amidst challenges posed by the COVID-19 pandemic and geopolitical conflicts.
As part of her schedule, Madam Georgieva will also attend an Artificial Intelligence (AI) conference organized by the Ministry of Finance and the IMF. The conference themed AI as a Catalyst to Transform Economies in Sub-Saharan Africa will provide insights into leveraging AI technologies for economic growth in the region.
Furthermore, the IMF Managing Director will engage with selected Civil Society Organizations (CSOs) and women groups to gather diverse perspectives on Ghana’s economic development and ongoing IMF program. The visit signals the IMF’s commitment to supporting Ghana’s economic reforms and growth initiatives, with a focus on sustainable recovery and resilience building.
Ghana’s $3 billion IMF extended credit facility (ECF), secured in 2023, underscores the country’s dedication to implementing sound economic policies and reforms. With $1.2 billion received from the IMF to date, Ghana is on track to navigate the challenges posed by external shocks and global uncertainties, with the support and guidance of the IMF.
Overall, the visit of the IMF Managing Director to Ghana signifies a mutual commitment to ensuring the successful implementation of Ghana’s IMF program and fostering partnerships for sustainable economic growth in the region.
