Ghana Weighs Panda to Samurai as $2.5 Billion Bond Sale Nears
- Islamic securities may be part of Ghana’s 2018 debt issuance
- Finance ministry heading to Japan for talks on bonds
Heavy automobile traffic passes by Makola market in Accra, Ghana, on Thursday, March 15, 2018.
Photographer: Nicholas Seun Adatsi/BloombergThis article is for subscribers only.
Ghana is considering selling bonds from China to Japan as the country prepares to issue as much as $2.5 billion in foreign-currency debt this year.
Last month, lawmakers in the West African nation gave approval for the Finance Ministry to proceed with a debt sale. Ghana will use $1 billion to help meet its 2018 budget and the remainder to refinance dollar bonds of as much as $1.5 billion should it be able to sell the securities at a cheaper rate.