IMF and Ministry of Finance to hold joint press conference on $3bn bailout

The International Monetary Fund (IMF) has announced that a virtual press conference will be held on Thursday, May 18, to provide journalists with insights into the outcomes of the IMF Executive Board meeting concerning Ghana's request for an Extended Credit Facility (ECF) Arrangement. The board meeting is scheduled to take place on Wednesday, May 17.

The press briefing, set to commence at 10:30 am in Washington D.C. (2:30 pm in Ghana), will feature key participants including Stephane Roudet, the IMF Mission Chief for Ghana; Ken Ofori-Atta, Ghana's Minister of Finance; Ernest Addison, Governor of the Central Bank of Ghana; and Tatiana Mossot, Senior Communications Officer at the IMF.

The highly anticipated press conference aims to provide clarity on the discussions held during the IMF Executive Board meeting and the decisions made regarding Ghana's request for an Extended Credit Facility Arrangement. The virtual format, conducted via Zoom, will enable journalists and stakeholders to engage with the panel of experts and gain a deeper understanding of the IMF's perspective on Ghana's economic situation and the proposed assistance.

Ghana's Minister of Finance, Ken Ofori-Atta, and Governor Ernest Addison will likely share insights into the country's economic challenges, reform efforts, and the potential impact of the Extended Credit Facility Arrangement on Ghana's financial stability and economic growth prospects.

Stephane Roudet, the IMF Mission Chief for Ghana, will provide an expert analysis of the country's economic performance, outlining the conditions and policy measures associated with the Extended Credit Facility Arrangement.

The briefing will be streamed live below when it starts;