Bonds

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

John Mahama, Ghana’s president.Photographer: David Dee Delgado/Bloomberg

Ghana 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.