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Home Africa

Ghana plans to borrow up to US$5B in 2021

Staff by Staff
March 11, 2021
in Africa, Capital Markets, Finance, Ghana, Governance
Reading Time: 1 min read
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Ghana plans to borrow up to US$5B from international capital markets in 2021 to support its budget and manage its debt, the finance ministry said on Tuesday.

The ministry said in a statement that it would use various instruments including Eurobonds, diaspora Bonds, syndicated loans and bridge loans.

The government is in the process of mandating Bank of America , Citi Bank, Rand Merchant Bank, Standard Chartered Bank and Standard Bank as lead managers, the statement said.

“One of the key mandates for the banks is to advise the government on various alternative funding structures and options especially for the Eurobond,” it said.

Also read: Ghana to become first LNG importer in Sub-Saharan Africa

Source: Reuters

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