Ghana inflation highest in almost two decades
The finance minister is expected to present a mid-year budget review before parliament this month.
Boakyewaa Lawrencia 
The annual inflation rate in Ghana reached 29.8% in June, which is the highest level since December 2003.
According to the nation's statistics bureau, the increase is the result of rising food and commodities prices.
The government has now approached the IMF for a bailout proposal estimated to cost $1.5 billion (£1.3 billion).
If approved, this would mark the nation's 17th IMF loan since gaining independence in 1957.
Ghana's overall debt is thought to be greater than two-thirds of its GDP, and a rise in its debt level could affect present and future generations and frighten away investors.
According to economists, the pressure might be reduced by restructuring the debt, cutting subsidies, and lowering the cost of governance.
The finance minister is expected to present a mid-year budget review before parliament this month.
