The International Monetary Fund (IMF) staff team led by Stéphane Roudet concurred that Ghana's economy is recovering less than a month after the Executive Board approved the $3 million extended loan line (ECF).
He mentioned some of the indicators seen during the preceding several weeks as included weaker inflation, an increase in foreign reserves, and a less volatile exchange rate.
Mr. Roudet made the comment following the conclusion of the IMF Mission's most recent visit to Ghana, which took place from Thursday, June 8 to Friday, June 15.
We talked about recent macroeconomic trends throughout the visit, he stated.
The Ghanaian economy is showing signs of stabilization "against a complicated global economic background, with easing inflation, an increase in international reserves, and a less volatile exchange rate."
The Vice President Dr. Mahamudu Bawumia, Finance Minister Ken Ofori-Atta, Governor of the Central Bank Dr. Ernest Addison, and others were among those the IMF Mission met with.
As part of the program financed by the Fund, the authorities' progress toward key commitments was also evaluated, according to Mr. Roudet.
He declared that the program's initial examination will take place before December.
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