This comes after President Nana Addo Dankwa Akufo-Addo on July 1 authorized the Finance Minister to hold formal discussions with the Bretton Woods Institution. The Ministry further assured Ghanaians of government's commitment to successfully negotiate a program with the IMF in the coming months, in support of Ghana’s economic recovery. In a last-ditch effort, the government has begun negotiations with the IMF on a bailout deal. SPOILER ALERT: Another IMF loan won't save Ghana’s economy. Like its past 17 IMF programs, a new one will fail,” the US-based economist wrote.

Source: GhanaWeb July 04, 2022 15:29 UTC