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Ghana to Engage Local and Foreign Investors to Speed Up IMF Deal

  • Nation may have to restructure debts to qualify for loan
  • ‘Key aspects’ of deal due before Nov. budget: Finance Minister
A customer pays with a Ghana cedi banknote at a food market in Accra, Republic of Ghana.

A customer pays with a Ghana cedi banknote at a food market in Accra, Republic of Ghana.

Photographer: Nipah Denis/Bloomberg

Ghana will start to engage with local and foreign investors to help fast-track negotiations with the International Monetary Fund for as much as $3 billion to support its economic program.

The West African nation’s economy wants “key aspects of that program to be reflected” in next year’s budget, Finance Minister Ken Ofori-Atta told reporters in the capital, Accra, on Wednesday. The 2023 budget will be presented in November, leaving the government with less than two months to finalize an agreement with the lender.