Government of Ghana makes U-Turn to IMF

Quote of Arms Ghana

Government of Ghana makes U-Turn toInternational Monetary Fund (IMF) in latest news trending online.

In a statement from the ministry of Information dated July 1, 2022, the finance Minister of Ghana has been authorized to commence formal engagements with the International Monetary Fund (IMF) to invite funds to support the country.

According to the statement, engagement with the IMF will seek to provide balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the Covid-19 pandemic and, recently, the Russia-Ukraine crises.

Background 

This news report has surprised most people who have shared their thoughts on social media about this new development. Recall that sometime ago, when the current government was contesting for power, they claimed that they will work hard enough so they don’t go in for loans but currently, it seems they’ve made a U-turn. To this, most netizens have reacted where some are against, and others are in support.

Government of Ghana makes U-Turn to IMF

Government of Ghana makes U-Turn to IMF

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