May 30, 2024

The re-appointment of Kristalina Georgieva to serve as International Monetary Fund (IMF) Managing Director for a second five-year term has brought joy to the Republic of Ghana.

According to the president of Ghana, Nana Addo Dankwa Akuffo-Addo, the country is very delighted about the re-appointment of Georgieva as Managing Director of the IMF for a second five-year term.

The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term

Her second five-year term mandate starts from October 1, 2024.

ristalina Georgieva in a statement said “I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term.”

In a congratulatory message, Nana Addo indicated that Ghanaians have no doubt that she will make an even greater impact in her second term in helping to eradicate poverty, with ample economic opportunities and jobs, especially for Low-Income-Countries (LICs).

He said Ghana recognised her admirable contributions to our nation’s turnaround to restore macroeconomic stability and economic recovery, from the difficult economic circumstances of the last few years.

“Ghana is very delighted about the re-appointment of KGeorgieva as Managing Director of the IMF for a second five-year term.” The president said on X.

“Her role in ensuring global financial stability and development in general, particularly in Emerging Market and Developing Economies (EMDEs) and Low-Income-Countries (LICs), have greatly impacted lives and livelihoods. We have no doubt that she will make an even greater impact in her second term in helping to eradicate poverty, with ample economic opportunities and jobs, especially for LICs. We, in Ghana, recognise her admirable contributions to our nation’s turnaround to restoring macroeconomic stability and economic recovery, from the difficult economic circumstances of the last few years. We expressed our appreciation directly to her during her recent visit to Ghana.” Part of the message read.

“On behalf of the Government and people of Ghana, I congratulate Kristalina Georgieva on her well-deserved re-appointment. We wish her well.”

The government of Ghana has secured a US$3b International Monetary Fund (IMF) bailout.

The Executive Board of the International Monetary Fund (IMF) has approved Ghana’s second tranche of US$600 million for immediate disbursement.

The opposition National Democratic Congress (NDC) has criticised the government for the IMF loan.

Source: Elvisanokyenews.com

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