Capital flight and surging imports have evidently contributed to the sharp drop in the external value of the local currency.

CNN: Can Ghana's economy prosper against the odds?

The external value of the local currency, the cedi, has dropped precipitously from 1.4 cedis to the dollar in January 2.2 cedis to the dollar in July -- a drop of 57% in terms of the local currency.

CNN: Can Ghana's economy prosper against the odds?