IMF approves $3bn bailout for Ghana's economic crisis.

Ghana has signed a new $3bn bailout programme with the IMF to help ease its worst economic crisis in a generation, caused by the combined effects of the global Covid pandemic and the war in Ukraine. The programme is expected to slow the rate of inflation and ensure a stable local currency, benefiting ordinary Ghanaians through stable prices of basic commodities including imported ones. However, this is the 17th time since independence that Ghana has opted for an IMF programme, and analysts attribute this regular pattern to mismanagement by successive governments over the years.