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Ghana Doubles IMF Funding Goal to $3 Billion in Three Years

  • West African nation was considering half the amount last month
  • Country banking on IMF support to restore investor confidence
Nana Akufo-Addo

Nana Akufo-Addo

Photographer: Neil Hall/EPA/Bloomberg

Updated on

Ghana’s government is in talks over a loan of about $3 billion from the International Monetary Fund, according to two people familiar with the matter.

The amount is double what the West African nation was considering a month ago as it tries to shore up its finances and win back access to global markets. The funding would be provided over three years, the people said, asking not to be identified because the talks are still in progress and public announcements have not been made.