• Wednesday, May 29, 2024
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BusinessDay

Ghana plans up to $1 billion Eurobond in 2013

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Ghana plans a Eurobond worth up to $1 billion to refinance debt and fund infrastructure projects, its vice president said, adding to the list of developing countries tapping yield-hungry investors to bolster their economies.

“We are looking at the best conditions including costs, and we will not do it until we’re convinced it is the right time,” Kwesi Amissah-Arthur told Reuters on Wednesday.

The West African country has drawn increased attention from investors since it began oil production in 2010. An expanding budget deficit has tarnished its reputation for fiscal stability.