Ghana’s Investment Roadshow is not to Market Eurobond – Finance Minister

ACCRA, Ghana, Capital Markets in Africa — Ghana’s Finance Minister said, the country  has no intention of selling debt during meetings with investors this week in London, Boston and New York.

The non-deal road show is part of activities designed to share information on financial and economic developments with investors, the ministry said Tuesday in a statement on its website. Ghana mandated Standard Chartered Bank to arrange the meetings, which run until Friday, a person familiar with the matter said March 21.

The world’s second-largest cocoa producer has sold four Eurobonds since 2007 to help finance its budget deficit. Parliament has approved the issue of as much as $1 billion this year. That may or may not happen as the government is considering other financing options, Sam Mensah, a technical adviser at the ministry, said Tuesday on Citi FM, a radio station based in the capital, Accra.