
“The budget revealed that Ghana spends more than $10 billion on imports per year. It has been challenging to meet the import needs, which include crude oil and petroleum products worth around US$400m (GH4.80bn) a month, given the poor foreign profits. In order to finance the lights in homes and businesses, the Ministry of Finance also needs roughly US$1.0 billion annually “explained he.
Ghana is asking the International Monetary Fund for a $3 billion Extended Credit Facility (ECF) programme over three years. This means that even the debt that has developed as a result of the depreciation of the Ghanaian cedi cannot be paid off by this hypothetical bailout.

Other stories
10 effective suggestions on how to increase buttock size without exercise
How I manipulated Togolese voters in order to secure Volta for Akufo-Addo in 2016 – Hopeson Adorye was fired
How to answer Tell Me About Yourself when conducting an interview
Side effects of drinking hot tea on an empty stomach
Watch the game’s highlights: Dreams FC and Hearts of Oak