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<\/figure>\n\n\n\nA statement issued by Mr Roudet said: \u201cWe reaffirm our commitment to support Ghana in these challenging times, consistent with the IMF\u2019s policies.\u201d<\/p>\n\n\n\n
Area of focus<\/strong><\/p>\n\n\n\n In the statement, the IMF described the discussions as constructive and focused on policies aimed at restoring macroeconomic stability and laying the foundation for stronger and more inclusive growth.<\/p>\n\n\n\n It said key areas of focus included ensuring public finance sustainability while protecting the vulnerable, bolstering the credibility of monetary and exchange rate policies to reduce inflation and rebuild external buffers and preserving financial sector stability.<\/p>\n\n\n\n It said the team also explored steps to encourage private investment and growth, including by improving governance, transparency, and public sector efficiency.<\/p>\n\n\n\n Programme request<\/strong><\/p>\n\n\n\n Ghana requested a fund-assisted programme in July in a backtrack occasioned by heightened deterioration of macro prudential indicators, including soaring inflation, a falling cedi and growing public debt.<\/p>\n\n\n\n While inflation and the cedi depreciation ended September at 33.9 per cent and about 37 per cent, the World Bank estimates that the public debt will envelop total economic production by December 2021.<\/p>\n\n\n\n The bank said in its Africa Pulse released this week that debt to GDP will peak at 104 per cent.<\/p>\n\n\n\n