As the nation continues to discuss financial aid with the IMF, Ghana's economic condition is anticipated to somewhat improve in the following days (IMF).

According to Dr. Patrick Assuming, an economist, there are two things that can affect the trajectory of macroeconomic data before the year is out.

According to The Economist, Ghana's condition could change if it can obtain funds from the IMF before the year is up since it will boost investor confidence in the economy.

Additionally, he noted that the government's commitment, which will be demonstrated in the 2023 budget, will go a long way toward demonstrating that it is making measures to guarantee that the economy recovers.

“There are two news items that we are expecting before the end of the year which could make a difference. One is if the IMF deal goes through and the other is what the finance minister will say during the reading of the 2023 budget. If there is the indication from the budget that the government is showing commitment by way of fiscal policy measures, we might see some improvement.

“If also there is the indication that the IMF deal has been agreed and we will make progress quickly, that might change investor sentiments and thereby improve what will happen after that,” he is quoted by citibusinessnews.com.

As of August 2022, the country's inflation has stood at 33.9%.

The Ghana cedi has also depreciated by almost 40% against other major trading currencies, ranking as the second worst-performing currency in the world.