Bank of Ghana sweats to impress the IMF about cedi’s woes

With less than a week to go before the 3rd review of Ghana rsquo;s latest IMF program ends, the authorities are scampering to show how serious they are about the IMF programme. Two recent announcements concern the forex rate (especially for USD-GHS), a stubborn indicator that has so far defied all attempts to paint a rosy picture of the economy.