There is economic fire on the mountain in Ghana but the country’s leadership is making a bold, if not desperate, move to sort it.
The Nana Akufo-Addo government is getting a $3bn loan from the International Monetary Fund as the IMF confirmed on Tuesday.
Some Nigerians who had been citing Ghana as a rising economy with a social structure better than Nigeria’s have had to slow down on this, based on indices from the West African neighbour.
As AFP reports, Ghana is facing more than 40 percent inflation, growing debt and a sharp decline in its cedi currency since the start of the year.
