Ghana may need an urgent loan from the IMF despite upstream oil and gas devel-opments projected to bring in$20bn of fresh investment over the next five years. Sub-Saharan Africa’s newest oil exporter has approached the IMF because of an economic crisis sparked by a near 40pc fall in the value of the country’s currency against the US dollar this year.The cedi has weakened mainly because of excessive government spend-ing,including on subsidies for oil prod-ucts.And a year-long disruption to domestic natural gas production has also hit government revenues.
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