Ghana Scraps Eurobond Sale as Costs Soar on Fiscal Concerns

  • Government sought to raise as much as $1 billion in new bonds
  • Ghana plans to buy up to $100 million of notes in tender

Ghana scrapped plans to sell its fourth Eurobond in as many years, balking at the price investors demanded amid concern that the West African nation may relax its commitment to fiscal targets ahead of parliamentary and presidential elections.

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