IMF aid to the end of 2018

The Star Early Edition - - INTERNATIONAL -

GHANA’s govern­ment has asked the In­ter­na­tional Mone­tary Fund (IMF) to push back the end date of its $918 mil­lion (R11.9 bil­lion) aid pro­gramme from April 2018 to De­cem­ber 2018, the IMF and govern­ment sources said yes­ter­day. This may lead to talks aimed at a re­vised deal to in­clude more money and fresh tar­gets for fis­cal con­sol­i­da­tion, ac­cord­ing to se­nior govern­ment of­fi­cials. An ex­ten­sion would fur­ther re­as­sure in­vestors that the govern­ment of Pres­i­dent Nana Akufo-Addo that took of­fice in Jan­uary is se­ri­ous about restor­ing macro-eco­nomic sta­bil­ity, they said. Ghana­ian au­thor­i­ties re­leased a mem­o­ran­dum of eco­nomic and fi­nan­cial poli­cies to the IMF this week. It in­cluded a let­ter of in­tent re­quest­ing an ex­ten­sion of the fund pro­gramme to De­cem­ber 2018.

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