A delegation from the International Monetary Fund (IMF) is scheduled to arrive in Accra to start talks with Ghanaian government representatives over an economic support package.
Ghana, one of West Africa’s largest economies, it would hold formal talks with the IMF after hundreds of people took to the streets to protest against worsening economic hardship. It had previously refused to seek IMF support.
The government is committed to successfully negotiating a programme with the IMF « in the coming months », the ministry said in a statement.
Ghana, a gold, cocoa and oil producer, has been struggling with the ongoing economic fallout from the COVID-19 pandemic, including rampant inflation and a depreciating currency. Analysts have said it is close to a debt crisis.
