By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Ghana will issue $1.5 billion Eurobond higher than the earlier planned $1 billion by September for debt financing and budget support, Cassiel Ato Forson, deputy finance minister of the country said on Tuesday, according to a Reuters report.

Reuters said that Forson did not go into the reasons for the increase, but said it had been approved by the International Monetary Fund (IMF), quoting a seniour government official.

The report added that Seth Terkper, Ghana’s finance minister was presenting a reviewed 2015 budget including the larger Eurobond to parliament on Tuesday.

Ghana’s government had earlier planned to issue $1 billion Eurobond by the end of June, but was rescheduled to September.