Ghana has approached the G20 to restructure its external debts, the majority of which are held by private lenders. The process is necessary to unlock a $3 billion IMF bailout that will see severe austerity measures imposed on the Ghanaian people

Kwesi Pratt Jnr, General Secretary of the Socialist Movement of Ghana, talks about why the country’s latest deal with the IMF will not solve its problems. He explains how Ghana’s resources have not been used for the benefit of its people and the reasons for the debt crisis and inflation