Business News of Tuesday, 13 December 2022

Source: www.punchng.com

Ghana to borrow $3bn from IMF

Ghana has agreed on a $3 billion credit deal with the International Monetary Fund, the multilateral lender said on Tuesday, as the country battles its worst economic crisis in decades.

The West Africa state is facing more than 40 percent inflation, growing debt and a sharp decline in its cedi currency since the start of the year.

More to come. . . . .