Ghana plans to issue $1 bln Eurobond in 2015 - CNBC Africa

Ghana plans to issue $1 bln Eurobond in 2015

Western Africa

by Reuters 0

Ghana's Finance Minister Seth Terkper told Reuters about the country's proposed one billion US dollar Eurobond. PHOTOS: todaygh

Ghana plans to issue a one billion US dollars 10-year Eurobond in 2015 to settle debt that matures in 2017, Finance Minister Seth Terkper told Reuters, after a financial assistance deal agreed last week with the International Monetary Fund.

(READ MORE: No silver bullet for Ghana’s economic woes)

The government will also continue to use its oil stabilization fund, oil price hedging and monetary tightening to manage foreign exchange volatility for Ghana's cedi currency, Terkper said in an interview late on Wednesday.

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