Ghana to Sell Sustainable Bonds for Up to $1 Billion by July
- Sale would help refinance debt from education policy
- Ghana’s budget gap is expected to narrow to 9.5% this year
Vehicles travel along a road in Accra, Ghana.
Photographer: Cristina Aldehuela/BloombergThis article is for subscribers only.
Ghana is planning to raise as much as $1 billion through a sale of sustainable bonds, including Africa’s first social debt to fund a flagship policy to broaden access to education.
The proceeds would help refinance domestic debt used for social and environmental projects, including loans taken to pay for the government’s free senior secondary school policy, Minister of State at the Ministry of Finance Charles Adu Boahen told Bloomberg Monday.