CLEAN : Ghana and IMF announce staff level agreement to solve economic crisis

The video discusses a joint press conference with the IMF and the Ministry, focusing on an agreement with Ghana for a three-year program supported by the extended credit facility. The program aims to implement reforms for fiscal transparency, public financial management, and governance, addressing challenges in the energy and cocoa sectors. It emphasizes the importance of stakeholder support to restore stability, tackle inflation, and strengthen the currency. Fiscal adjustments and debt restructuring are also highlighted as necessary steps to achieve economic sustainability.

What was the main focus of the joint press conference?

• Launching a new educational program

• Announcing a new trade agreement

• Addressing environmental concerns

• Discussing employment in the public sector

What is the duration of the program agreed upon by the IMF and Ghana?

• Five years

• Two years

• One year

• Three years

Which sector is NOT mentioned as a focus for structural challenges in the program?

• Public enterprises

• Cocoa

• Healthcare

• Energy

What is one of the expected outcomes of the IMF program for Ghana?

• Reduction in agricultural exports

• Expansion of the tourism industry

• Restoration of economic stability

• Increase in public sector employment

Why is debt restructuring important for Ghana according to the program?

• To increase foreign investments

• To boost technological innovation

• To restore debt sustainability

• To improve healthcare services