Ghana requests IMF bailout to bridge fiscal deficit

Flag of Ghana

Ghana officially asked the International Monetary Fund (IMF) for a bailout on Friday, to bridge widening fiscal deficits and stem depreciation of the cedi – the world's worst-performing currency this year.

"IMF management received a formal request from the Ghanaian authorities to initiate discussions on an economic programme that could be supported by the IMF," said the Fund's deputy managing director, Min Zhu, in a statement.

"The Fund stands ready to help Ghana address the current economic

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