Veep Dr. Bawumia and Finance Minister Attend IMF/World Bank Spring Meetings in Washington DC

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 to be held in Washington DC, from April 18 to April 28, 2017.

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.

Whilst there, the delegation will 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 Christian Lagarde and President Jim Yong Kim.

These were disclosed in a statement issued by the Public Relations Unit, Ministry of Finance  in Accra on Tuesday, April 18, 2017.

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

The statement said the Ghana event will 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 US policy engagement.

The statement further said other meetings the delegation will attend, include the G24 Deputies Meetings and the African Caucus Bureau.

Adding that, 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 ratings agencies: Standard and Poors, Fitch, and Moodys.

These meetings according to the statement, also present a window of opportunity to re-emphasize government’s policies and strategies in solving macroeconomic imbalances as well as strategies to ensuring debt sustainability.

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

About the Spring Meetings

Each spring, thousands of government officials, journalists, civil society organizations, and participants from the academia and private sectors, gather in Washington DC for the Spring Meetings of the World Bank Group and the International Monetary Fund.

Seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial markets are held.

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