Ghana has said it will seek financial aid from the International Monetary Fund (IMF) to help strengthen the West African nation’s currency.
The cedi has fallen 40% against the US dollar this year, making it one of the world’s worst-performing currencies.
Ghana, once seen as a shining example of economic strength in the region, is also struggling with high inflation.
The country last went to the IMF for help in 2009, when it secured a $600m (£360m), three-year aid package.
Despite being a major exporter of gold, oil and cocoa, Ghana is struggling with large current account and budget deficits.
Last week, the country’s finance minister told the BBC the country would fix its currency problems itself and only go to the IMF as a last resort.
Many experts see the decision to go to the IMF as the first admission by the government that the economy is in bad shape.