Ghana is seeking to raise about US$5 billion in Eurobond next year to repay debts
Ghana and few Sub-Saharan African (SSA) nations with credit ratings of B with stable outlook that will be seeking to raise funds via the international capital market in 2021 will virtually have little problem as the market conditions have improved since the easing of the coronavirus pandemic.
According to assessment by ratings agency Fitch and JP Morgan Emerging Market Bond Index (EMBI), Cote d’Ivoire’s (B+/Positive) issuance of a 12-year €1 billion Eurobond on November 25, 2020 confirms that some SSA issuers are able to resume market issuance to meet part of their financing needs over the next year.