(Bloomberg) -- Ghana plans to sell its first Eurobond
in July in either London or Luxembourg as it seeks to raise as
much as $750 million to fund infrastructure projects, a finance
ministry official said.
In July 2005 Ghana, the world's second-largest cocoa
producer, was selected as one of 18 countries by the Group of
Eight to have its debt to the International Monetary Fund, World
Bank and African Development Bank canceled. Power shortages in
Ghana's capital Accra is holding back economic growth. Supply is
currently rationed with outages in Accra averaging four times a
week for as much as 12 hours at a time.
Read more at Bloomberg Bonds News
in July in either London or Luxembourg as it seeks to raise as
much as $750 million to fund infrastructure projects, a finance
ministry official said.
In July 2005 Ghana, the world's second-largest cocoa
producer, was selected as one of 18 countries by the Group of
Eight to have its debt to the International Monetary Fund, World
Bank and African Development Bank canceled. Power shortages in
Ghana's capital Accra is holding back economic growth. Supply is
currently rationed with outages in Accra averaging four times a
week for as much as 12 hours at a time.
Read more at Bloomberg Bonds News
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