Ghana to issue bond with credit guarantee from World Bank – FT

Ghana intends to issue a bond with a credit guarantee from the World Bank, the Financial Times (FT) has reported.

According to the report, Ghana is in talks to issue a bond with some form of credit guarantee from the World Bank.

The FT also noted that the International Monetary Fund has repeatedly cautioned countries in Africa about the dangers of growing sovereign bond issuance, particularly in international currencies.

The report noted that Christine Lagarde, the IMF managing director, told African finance ministers last year that they risked the future of the “Africa rising” story by overloading with debt.

By Emmanuel K. Dogbevi