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Ghana’s Ruling Party Eyes Oil Funds for International Loans

Ghana’s ruling party wants to change an oil-revenue bill being debated by lawmakers this week to allow the West African nation to use energy-industry funds as collateral for borrowing on international capital markets.

Moses Asaga, chairman of the parliamentary energy committee and a member of the National Democratic Congress party of President John Atta Mills, said using the country’s oil wealth would allow them to borrow funds to develop infrastructure.