Ghana Scraps $1 Billion Bank of America Loan for Bond Sale
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Ghana dropped a plan to borrow money from Bank of America Corp. to focus on selling $1 billion in Eurobonds as early as June.
The Ministry of Finance withdrew its proposal to get $300 million to $1 billion in loans from Bank of America, James Klutse Avedzi, chairman of the finance committee in parliament, said by phone on Friday. The government has started the paperwork to sell $1 billion of Eurobonds in June, he said.