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

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

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.