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This West African country is considering a century bond worth $50 bln to finance infrastructure development

PUBLISHED: Mon, 03 Sep 2018 11:22:12 GMT

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ACCRA (Reuters) – Ghana is considering a century bond worth $50 billion as part of the West African nation’s plan to secure long-term funding to build critical infrastructure for industrial development, its leader said.

“The Ministry of Finance and economists in Ghana are looking at floating a $50 billion century bond. This will provide us with the resources to finance our infrastructural and industrial development,” President Nana Akufo-Addo said during a meeting with Chinese President Xi Jinping in Beijing.

Reporting by Kwasi Kpodo; Editing by Toby Chopra


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