Ghana’s first domestic infrastructure bond will raise GH10 billion.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ghana is set to raise GH¢10 billion, about $935 million, through its first domestic infrastructure bond as the government steps up efforts to finance roads and interchanges nationwide while rebuilding confidence in the local debt market.

The bond sale will be issued in two tranches of GH¢5 billion each in the first and second halves of the year, with longer-dated tenures designed to attract local investors seeking stable returns.

An issuance calendar detailing the infrastructure bond and other domestic offerings is expected to be released later this month.

While the Ministry of Finance declined to comment officially, the plan was confirmed by people familiar with the matter.

Source: newsthemegh.com