IMF maintains that Covid crisis saw a spiraling external debt service burden, rapid depreciation of the cedi and surging inflation

The International Monetary Fund (IMF) maintains that the COVID-19 pandemic had a huge impact on Ghana’s economy. The Fund, however, stated that the pandemic increased pre-existing vulnerabilities in the economy. The IMF said in a Technical Assistance Report titled “Governance Diagnostic Assessment March 2024” that, often hailed as a development success story in Sub-Saharan Africa, […]