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IMF will affect free SHS, nurse and teacher trainees allowance
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Information reaching out to the media is that, the President of the Republic Of Ghana Akufo-Addo has authorized the finance minister to engage the International Monetary Fund for a bail out. The document signed by the information minister Hon. Kojo Oppong Nkrumah stated that the Fund is expected to help Ghana recover from the effects of Covid 19 pandemic and the recent Russian Ukrainian war.
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The minister added that the decision was approved by cabinet in a recent meeting chaired by President Akufo Addo.“The President of the Republic, Nana Addo Dankwa Akufo Addo has authorized Finance Minister Ken Ofori Atta to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic program put together by the government of Ghana. At a meeting on June 30th 2022, cabinet indicated its support for the decision.
The engagement with IMF will seek to provide balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by Covid 19 pandemic and recently, the Ukrainian war”, parts of the statement reads.
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