Ghana is seeking $ 750 million negotiated as a syndicated loan from Standard Chartered Plc and Standard Bank Group Ltd, Ghana’s Ministry of Finance says.
The amount should be used to finance infrastructure projects and refinance existing debts.
A proposal should also be presented to the National Assembly by Finance Minister Ken Ofori-Atta, who said that the “proceeds will be used to finance or refinance development projects and for the management of accountability in Ghana. approved in the 2019 budget.
The country needs $ 2 billion in foreign currency to finance the budget. Also, Ghana is expected to commit an additional $ 1 billion if it is able to borrow or sell at lower rates than existing liabilities.
As a reminder, in February, the country named five banks, including StanChart and the Johannesburg-based Standard Bank, as lead arranger for a Eurobond sale.
journaliste économique, titulaire d’un Master II en Communication et Journalisme de l’Institut Supérieur des Sciences de l’Information et de la Communication de Dakar (ISSIC). Grande amatrice de lecture et de musique. Féministe dans l’âme et passionnée de mode.