Accra, Jan 9 – Ghana is planning to raise 10 billion cedis, equivalent to about $935 million, through its first domestic infrastructure bond issuance as it seeks long-term funding for roads and interchange projects.
According to people familiar with the matter, the bond sale is expected to be split into two tranches of 5 billion cedis each, to be issued in the first and second halves of the year. The bonds are expected to carry longer-dated tenures than Ghana’s regular domestic debt instruments.
Details of the planned issuance, along with other domestic bond offerings for the year, are expected to be published in an official issuance calendar later this month. The sources requested anonymity because the discussions are private.
The move marks a shift toward targeted infrastructure financing within the domestic market, as Ghana looks to deepen its local capital markets while funding critical transport projects.
