Kristalina Georgiva, Managing Director of the International Monetary Fund, has denied claims that Ghana’s economic troubles were self-inflicted rather than caused by the Russian/Ukraine war and Covid-19.
According to her, the country’s economic problems are not the result of terrible government policy.
She reaffirmed her organization’s commitment to striking an economic accord with the government before the end of the year.
Madam Georgiva told Joy News’ Benjamin Akakpo during the Africa Adaptation Summit in Rotterdam, Holland, that Ghana will receive IMF assistance.
“I’m very determined for us to indeed reach an agreement with Ghana by the end of this year [2022]. We started very constructive discussions already. And to the people of Ghana, like everybody on this planet you have been hurt by exogenous shocks; first the pandemic, then Russian/Ukraine war”.
“And that we need to realise that it’s not because of bad policies in the country, but because of these combinations of shocks. Therefore, we have to support Ghana because you are a member, you are a strong country, and you have fantastic people”.
She emphasized how smoothly the conversations between Ghana and the Fund had been going.
“We have to support Ghana because your strength contributes to the strength of your neighbors, it contributes to a stronger world”.
Upon being asked if Ghana would receive the $3 billion that the government has requested, Madam Georgiva responded, “Let’s go to the negotiations, and then you will know.”