Finance Minister, Ken Ofori Atta has disclosed that the government is collaborating with development partners to provide liquidity and financial support to ”lessen the impact of the Domestic Debt Exchange”.
He said the government will remain resolute in all decisions to protect jobs.
”Altogether, and including the IMF funds, World Bank and AfDB support, we expect multilateral support of about US$2.0 billion for 2023 and US$6.2 billion between 2023 and 2026. We expect the World Bank to provide a total support of US$1.6 billion whilst the AfDB provides a total support of US$200 million over the programme period. In addition, we expect to mobilize catalytic funding of US$30 million in 2023 and US$330 million between 2023 and 2026 from bilateral creditors,” Mr. Offori Atta noted.
”We are also collaborating with other Development Partners (including the World Bank and the AfDB) to finance the Ghana Financial Stability Fund to provide liquidity and solvency support for the financial sector as a result of the assessed impact of the DDEP”.
Mr. Ofori Atta assured that Ghana is, ”aggressively mobilising domestic revenue” and remains ”focussed on mobilising complementary sustainable external resources for our recovery and reform efforts to build the resilience that will promote shared prosperity for our people, while protecting and improving the lives of our more vulnerable population”.
He announced a special collaboration between the Ministry of Finance, Ministry of Trade, Ministry of Agriculture and the Ghana Investment Promotion Center, (GIPC) that will be ”part of the programme on the thematic working group on Growth to attract significant Private capital.”
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