Ghana to open bids for energy bonds worth 6 bln cedis ($1.36 bln)

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ACCRA  – Ghana will start receiving bids on Tuesday for domestic bonds worth 6 billion cedis (1.36 billion) to settle energy-sector debts that accumulated over the last decade, lead arrangers said on Monday.

The 7-year and 10-year bonds to be priced on Thursday form part of government’s plans to raise a total of 10 billion cedis to settle debts owed by power utilities to banks and bulk oil distributors.

Reporting by Kwasi Kpodo; Writing by Emma Farge; Editing by Larry King

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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