Business News of Thursday, 7 July 2022Source: thebftonline.comGovernment engages the International Monetary Fund (IMF) under the proposed Enhanced Domestic Programme (EDP) which will be a 3-year fast-tracked macroeconomic stabilisation programme that seeks to restore investor confidence and achieve fiscal and debt sustainability. “This will further enhance the recovery and transformation efforts by the government under the Ghana CARES ‘Obaatan pa’ Programme,” the statement disclosed. Accordingly, a new facility from the Fund will add to the country’s existing debt, although, this is preferably a cheaper option than commercial loans. The ministry also indicates that the programme will also enhance the recovery and transformation efforts by the government under the Ghana CARES ‘Obaatan pa’ programme. It added that the government has given a strong signal of readiness to quicken and shorten the negotiation process by sharing relevant data as well as presenting its enhanced economic programme that will anchor the supported programme.

Source: GhanaWeb July 08, 2022 03:28 UTC