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An International Monetary Fund (IMF) staff team will visit Ghana again from December 1 to 13 to continue discussions on the West African country’s request for a support programme to help reduce debt distress, the Fund said in a statement on Wednesday.

Ghanaians gather in the streets on the second day of protests over recent economic hardships, in Accra, Ghana, June 29, 2022.Ghanaians gather in the streets on the second day of protests over recent economic hardships, in Accra, Ghana, June 29, 2022.

The country is facing its worst economic crisis in a generation, with rampant inflation, spiralling debt and a tumbling local currency. Ghana in October said the aim was to reach a staff-level agreement with the IMF by the end of 2022. The Fund has not yet commented on a timeline but previously said more work was needed on a debt-sustainability analysis.

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.. Hmmm 🤔

That's bad news for Ghana....

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