Ghana is considering selling Africa’s first Samurai bond in 17 years.
Finance Minister Ken Ofori-Atta is planning to visit Japan next month for talks on the possible sale, according to three people familiar with the situation.
Mr Ofori-Atta will meet Japanese officials, investors and lenders from April 9 to 14 to discuss a debt issuance and to finalize a bilateral investment treaty, according to a document seen by Bloomberg and the people, who asked not to be identified because the matter is private.
A Samurai issuance by Ghana will be the first from a government on the continent since South Africa sold 90 billion yen ($853 million) in 2001.
Charles Adu Boahen, the deputy finance minister, said in a text message that he wasn’t aware of plans to sell such a bond.
Ghanaian lawmakers will vote on Friday to approve a sale of as much as $2.5 billion in sovereign debt, Mark Assibey-Yeboah, chairman of the parliamentary finance committee, said by phone.
Ghana will sell $1 billion in Eurobonds to finance this year’s budget and another $1.5 billion if the sale attracts more favorable rates than those it pays for existing debt, Ofori-Atta said earlier this month.
The trip to Japan will be Ofori-Atta’s second visit to Asia this year, after he traveled to Hong Kong and Singapore in February to gauge investor interest for the Eurobond sale, people familiar with the matter said at the time.
Hungary is the only emerging or frontier market government to sell Samurai bonds this year. It issued 30 billion yen of three-year notes with a yield of 0.4 percent on March 14.
Latest Stories
-
Why would the Akufo-Addo government’s national security apparatus support ‘opposition party’ in the 2024 election?
12 minutes -
U-20 AFCON 2025: ‘We want to leave a legacy’ – Aaron Essel ahead of Egypt clash
12 minutes -
Jonas Adjetey wins Swiss Super League with Basel
25 minutes -
U-20 AFCON: ‘Different player’ Afriyie to lead Satellites to victory over Egypt – Agyemang-Badu
27 minutes -
Gbele Resource Reserve hands over shea nut storage facility to Dimajang community
56 minutes -
Ghanaian players abroad: Andre Ayew makes 500th league appearance as Königsdörffer earns Bundesliga promotion
1 hour -
Photos: Top talents shine at 2025 GSA President’s Cup
1 hour -
Today’s Front pages: Monday, May 12, 2025
1 hour -
May 9 2025: Hole in Heart survivors join May 9 anniversary walk
2 hours -
Kosmos Energy pledges $2bn investment in Ghana’s petroleum sector
2 hours -
India-Pakistan ceasefire appears to hold after accusations of violations
3 hours -
Ntim Fordjour to NDC foot soldiers: Demand accountability from lavish appointees
3 hours -
Defence Minister lauds new military high command at solemn induction service
3 hours -
One-month ban on drumming and noise-making in Accra starts today
3 hours -
Chief of Staff summons Sammy Gyamfi over viral cash gift to Agradaa
3 hours