IMF To Implement Ghana Bailout Program In First Quarter of 2015?

Written by Staff

Feb 09, 2015

The International Monetary Fund (IMF) has described as good, progress efforts to clean up Ghana’s payroll before a bailout program is finalized.

The IMF Mission on payroll was in Ghana in January to inspect and help Ghana clear the huge number of ghost names on the public payroll.

President John Mahama recently confirmed that government was expecting to finalize agreements with the IMF on a program next month (March) before the end of the first quarter of 2015.

Earlier, the head of Ghana’s delegation negotiating with the IMF, Professor Kwesi Botchwey, confirmed in an exclusive interview with Citi Business News that the program will be finalized before the end of this month (February).

In a Press Briefing, Director of the Communications Department at the International Monetary Fund, Gerry Rice, in Washington D.C. on February 5 said, “I can furthermore say that we believe good progress has been achieved in recent weeks on the plan to clean up the payroll, finalize the remaining details of the government’s medium-term reforms, as well as firm up financing assurances for the possible program.”