IMF Checks to Stay in Place After Bail Out Package in Ghana

Accra will seek other forms of cooperation with the IMF, such as the policy support instrument programme, Ofori-Atta.

According to Ghanas Minister of Finance Ken Ofori-Atta that Ghana will continue to subject its public finances to International Monetary Fund surveillance despite the end of its rescue package with the IMF next April, even though Ghana does not intend to completely sever its relations with the IMF. Ghana committed with the IMF in 2015 to an expanded credit facility program of nearly $1 billion, as a result of overspending and the depreciation of the cedi against the dollar.