News Column

Eurobond plan goes ahead

July 1, 2014

LONDON: Ghana will go ahead with plans to launch a eurobond next month totalling as much as $1.5 billion (about R16bn) despite a recent ratings downgrade, a senior debt official said yesterday.

"We think we can be successful - before the end of next month we should be there," Samuel Ameyaw of Ghana's finance ministry told an Africa debt forum.

Moody's cut Ghana's debt rating on Friday to B2 from B1 and kept the rating on negative outlook.

Cape Argus

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Source: Cape Argus (South Africa)

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