IMF MD departs after successful 2-day visit

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements.

Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF Resident Representative in Ghana.

Ms. Georgieva praised the Bank of Ghana for its crucial role in stabilising the Ghanaian economy, urging continued commitment to maintaining the positive momentum achieved during the country’s programme with the fund.

Highlighting the importance of price stability, Ms. Georgieva emphasised the need for the central bank to uphold its core mandate to preserve the progress made thus far.

During her visit, the IMF MD met with President Nana Addo Dankwa Akufo-Addo, Vice President Dr. Mahamudu Bawumia, Minister of Finance Dr. Mohammed Amin Adam and other key officials.

Additionally, she participated in an Artificial Intelligence (AI) conference jointly organised by the Ministry of Finance and the IMF, focusing on AI’s potential to drive economic transformation in sub-Saharan Africa. She stressed the significance of strategic investments and ethical considerations for inclusive and sustainable development in the region.

Ms. Georgieva underscored the importance of prioritising investments in AI and green transition initiatives, stating: “By fa,r our best chance is in investing in the green transition and in the adoption of artificial intelligence”.

As part of her visit, Ms. Georgieva also engaged with selected civil society organisations (CSOs) and women groups, seeking to foster collaboration and support for Ghana’s ongoing programme with the IMF.

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