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Ghana VP Bawumia leads government delegation to IMF/World Bank spring meetings

Xinhua, April 18, 2017 Adjust font size:

Ghana's Vice-President Mahamudu Bawumia left here on Tuesday as head of the country's high-powered delegation to the Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC, United States, a release from the Ministry of Finance has said.

The meetings are scheduled from April 18-28, 2017.

Also travelling with the Vice-President is Minister for Finance Kenneth Ofori-Atta, Governor of the Bank of Ghana, Ernest Kwamina Yedu Addison; Chairman of the Finance Committee in Parliament, Mark Assibey Yeboah (MP), and officials from the Finance Ministry.

"Whilst there, the delegation will meet with World Bank President Jim Yong Kim, as well as the IMF Managing Director, Christian Lagarde. They will also attend the African Consultative Group Meetings with Christian Lagarde and President Jim Yong Kim," the statement said.

Besides the core Spring Meetings, the Ghanaian delegation also has side events planned for them, including the "Spotlight on Ghana" event organized by the Center for Strategic and International Studies being organized to examine the major political and economic trends in Ghana as the new government charts its course.

It is expected to bring together policy makers, business leaders, country analysts, and 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 U.S. policy engagement.

The Ghanaian delegation, led by the Vice-President, who is the Chairman of the Economic Management Team, will as well hold bilateral discussions with other partner countries, financial institutions and private sector investors.

In addition, the delegation will attend the G24 Deputies Meetings which 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 and the African Caucus Bureau Meeting.

"Beside meeting with rating agencies, Standard and Poor's, Fitch and Moody's, 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." Endit