![Ghanaian President Nana Akufo-Addo.](https://www.worldpoliticsreview.com/wp-content/uploads/2023/05/economic-crisis-ghana-imf-politics-inflation-corruption-nana-akufo-addo-05262023-1.jpg?w=519&h=259&crop=1)
Ghana’s latest IMF bailout was necessitated by a combination of global shocks and domestic factors, primarily a spending spree by President Nana Akufo-Addo’s administration. Akufo-Addo campaigned for the presidency in 2016 on the promise of change. Seven years on, change has indeed come. But it has not been in the promised direction.