Ghana

The Republic of Ghana is taking advantage of a more stable day in emerging market currency trading to print its bond, though the country’s outstanding paper has widened during the roadshow.

The strengthening dollar is wreaking havoc for emerging market bond investors as assets in local currencies and dollars alike take a hammering.

The Republic of Ghana is heading off on a roadshow for 10 and 30 year bonds, with a tender offer for its existing 2022s and 2023s attached to the transaction.

Ghana Cocoa Board (Cocobod) has sent off invitations to its annual financing for its cocoa harvest amid concerns it may struggle to repay its previous loan.

US oil and gas company Kosmos Energy, which operates in Africa, has refinanced a reserve-based lending facility signed in 2015.

Africa’s finance ministers are turning their attention to private sector investment and trying to move beyond bilateral loans from China.

Ghana Cocoa Board has signed its annual financing for its cocoa harvest at $1.3bn with 24 lenders, the 25th time the organisation has done the facility.

Investors dumped Ghana's Eurobonds this week after the future of its relationship with the International Monetary Fund was thrown into doubt. The confusion has been unhelpful to a country which has historically had difficult relationships with international markets, though it did point to the over-reliance of some investors on an IMF anchor, writes Virginia Furness.

Ghana Cocoa Board held a successful roadshow in London on Friday for its annual cocoa harvest loan financing, according to a banker on the deal.

Ghana Cocoa Board (Cocobod) has mandated six banks to arrange financing for its annual cocoa season, according to a public statement.

The Ghana Cocoa Board (Cocobod), the government institution that supervises Ghana’s cocoa industry, is set to begin the roadshow for its annual syndicated loan in June, according to a banker on the deal.

Ghana Coco Board (Cocobod), which oversees the processing and marketing of cocoa in the African country, has named the 23 international lenders providing its yearly loan of $1.8bn.