Ghana will sell 200 million cedis ($98 million) in two issues of seven-year bonds, the first time the West African nation is offering debt of the duration as it seeks to extend the yield curve on government debt.
Ghana will sell 100 million cedis next month and 100 million cedis in November, the Accra-based central bank said in a statement on its website today. No dates for the sales, which will be open to foreign and domestic investors, were given.
The world’s second-biggest cocoa producer, is offering longer-dated bonds amid attempts to boost debt trading and give investors more ways to buy into the second-biggest economy in West Africa, where growth is expected to reach 8 percent this year, according to the Finance Ministry.
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