Veep attends IMF/World Bank Springs meetings

The Chairman of the Economic Management Team, Vice President Dr Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a government delegation to the IMF/World Bank Spring Meetings being held from April 18 – 28.

The delegation is made up of officials from the Bank of Ghana, led by the Governor, Dr Ernest Kwamina Yedu Addison; the Chairman of the Finance Committee in Parliament, Dr Mark Assibey Yeboah (MP); and officials from the Finance Ministry.

A statement from the Public Relations Unit of the Ministry of Finance said whilst in Washington, the delegation would meet with the World Bank President, Jim Yong Kim, as well as the IMF Managing Director, Christian Lagarde.

They would also attend the African Consultative Group Meetings with Lagarde and President Jim Yong Kim.

A major highlight for the delegation is the Centre for Strategic and International Studies, “Spotlight on Ghana” event, a spotlight event being organised for Ghana to examine the major political and economic trends in Ghana as the new Government charts its course.

The Ghana event will bring together policy makers, business leaders, country analysts, opinion leaders from Ghana, the United States and beyond, to discuss Ghana’s prospects for economic recovery, explore issues of governance and regional leadership and examine the multiple strands on US policy engagement.

Other meetings the delegation would attend, include the G24 Deputies Meetings and the African Caucus Bureau.

The G24 Ministerial Meeting provides an opportunity for the G24 member countries to consider key areas in which international Financial Institutions and multilateral actions can effectively complement and support their policy efforts.

The delegation will also hold investor related meetings with holders of Ghana’s Bonds as well as institutional investors.

These meetings provide an opportunity for the delegation to highlight Government’s economic policies and strategies as well as investment opportunities in Ghana.

Also on the agenda are meetings with Senior Executives of rating agencies: Standard and Poors, Fitch, and Moodys.

These meetings present a window of opportunity to re-emphasise government’s policies and strategies in solving macro-economic imbalances as well as strategies to ensuring debt sustainability.

Aside the obligatory meetings with the IMF and the World Bank, the delegation will hold discussions with other partner countries, financial institutions and private sector investors.