Quantum News
Sign InSign Up
Back to News
investment

Ghana to Raise Seven-Year Debt in First Cedi Bond Since Default

Moses Mozart Dzawu
Loading...
1 min read
0 likes
⚡ Quantum Brief
Ghana will issue its first local-currency bond since defaulting on debt in 2022, marking a key step toward regaining market access and stabilizing finances. The seven-year cedi-denominated bond sale begins March 30, with pricing guidance released first and the auction closing April 1, per bond bookrunners. Proceeds will fund the national budget, addressing fiscal gaps exacerbated by the 2022 default and subsequent economic challenges. This return to domestic markets follows Ghana’s ongoing debt restructuring efforts, including a $3 billion IMF bailout approved in 2023. The bond’s success may signal renewed investor confidence in Ghana’s economic recovery and debt management strategy.
AI Audio Summary
0:00 / 0:00
Click to play
Untitled design (38).png
Quantum News · Media Library

Understand this faster with AI

ChatGPTAsk ChatGPTPerplexityResearch with PerplexityClaudeExplain with ClaudeGrokDiscuss on Grok

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Ghana will sell its first local-currency bond next week for the first time since its 2022 debt default, returning to the market to help finance its budget.The sale of seven-year securities will start on March 30 with an initial pricing guidance, and close on April 1, bond bookrunners said in an emailed statement.

Read Original

Source Information

Source: Bloomberg Markets

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.