Press Statement: IMANI-GIZ Reform Dialogue on How Ghana’s 17th IMF Program Will Impact Investment in the Agricultural and Manufacturing Sector
30 August 2022
He added that due to the low resilience of the economy, the country succumbs to shocks easily and the COVID and Ukraine war has just exposed the pre-existing vulnerabilities. [...] He lamented the delay of the government to heed earlier advice for seeking the bailout as the delay is now costing the country. [...] He indicated that the direct impact will come from the private sector but the indirect impact is what the Fund will like to achieve to enhance the business and investment climate. [...] 2 Complementary Role of IMF and the World Bank to Support Ghana The participants affirmed the complementary role of the IMF and the World Bank Group in supporting sustainable development. [...] Bokpin noted that when Ghana announced its intention to seek a bailout the market spread narrowed but is now widening with the potential that the credibility deficit will increase with the delay in the processes to seek the facility.