The Dean of the School of Economics at the University of Cape Coast, Prof. James Atta Peprah says Ghanaians should brace themselves for a tough Christmas this year.
A Ghanaian delegation from the Ministry of Finance and the Bank of Ghana returned from yet another round of negotiations with the International Monetary Fund (IMF) over the weekend towards a Fund-supported programme.
In a statement, the Ministry said officials from the IMF Misson Team are expected back in Accra in the coming weeks.
Comparing the IMF bail-out to insulin for diabetic patients, Prof. Atta Peprah said the economic climate will remain tough towards Christmas, as Ghana may not receive the expected $3 billion bailout.