Ghana Doesn’t Plan to Sell Eurobonds in 2012, B&FT Reports

Ghana does not intend to sell a second eurobond this year after obtaining a $3 billion loan from China Development Bank Corp., Business and Financial Times reported.

The government is interested in issuing eurobonds after 2012 to create a new benchmark and strengthen its presence on the market, the Accra-based newspaper said, citing Fifi Kwetey, deputy minister of finance and economic planning. Ghana sold $750 million of eurobonds in 2007.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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