Ghana: Govt to Raise U.S.$ 1 Billion From Bond Market Next Year

press release

Parliament, yesterday, approved a request by the government to enter the European bond market again to raise an amount of US$1 billion to accelerate infrastructural development in the country.

The amount, which is expected to be raised next year, will be used to finance capital investments outlined in the 2014 budget, counterpart funding, self-financing projects as well as refinance both domestic and international debt in order to save on debt service cost.

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