Ghana Doubles IMF Funding Goal To US$3 Billion In Three Years

Ghana’s government is in talks over a loan of about $3 billion from the International Monetary Fund (IMF), 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.

Calls to a finance ministry spokeswoman didn’t connect.