Ghana Set To Request For $1.5 Billion Loan From IMF

Ghana is likely to ask the International Monetary Fund (IMF) for as much as $1.5 billion in a quest to strengthen its finances and regain access to international capital markets. This was disclosed by the country’s Finance Minister, Ken Ofori-Atta in a phone interview with Bloomberg, hours before talks begin with the IMF in the nation’s capital, Accra. Until now, Ghana, the continent’s second-biggest gold producer, had refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation, and a depreciating currency, despite analysts warning it is close to a debt crisis.   What Ghana’s Finance Minister…