(Bloomberg) -- Ghana plans to sell its first Eurobond
in July, the first sub-Saharan African country outside South
Africa to do so, as it seeks to raise as much as $750 million to
fund infrastructure projects.
In July 2005 Ghana, the world's second-largest cocoa
producer, was chosen as one of 18 countries by the Group of Eight
to have its debt to the International Monetary Fund, the World
Bank and African Development Bank canceled. Power shortages in
Ghana's capital Accra are crimping economic growth, with supply
currently rationed and outages averaging four times a week for as
much as 12 hours at a time.
Read more at Bloomberg Bonds News
in July, the first sub-Saharan African country outside South
Africa to do so, as it seeks to raise as much as $750 million to
fund infrastructure projects.
In July 2005 Ghana, the world's second-largest cocoa
producer, was chosen as one of 18 countries by the Group of Eight
to have its debt to the International Monetary Fund, the World
Bank and African Development Bank canceled. Power shortages in
Ghana's capital Accra are crimping economic growth, with supply
currently rationed and outages averaging four times a week for as
much as 12 hours at a time.
Read more at Bloomberg Bonds News
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