The Ghanaian authorities have announced their intention to test the Japanese market for the first time by raising their first “samurai bonds” (bonds in Japanese yen), offered to major Japanese financial investors. A meeting with Japanese investors is expected to be held this week.
Ghana intends to diversify its range of sovereign bond holders, Finance Minister Ken Ofori-Atta announced Sunday (April 8th). A Ghanaian delegation composed of the Minister of Finance, his Deputy Governor and other officials is announced in Japan from 9 to 14 April.
Also in its strategy of diversification, in addition to selling securities in dollars, the country is planning an issue of Islamic securities and Panda bonds in the Chinese domestic market.
Ghana, which exports cocoa, gold and oil, is also planning to issue up to $ 2.5 billion in sovereign debt, including a $ 1 billion Eurobond by the end of the year. this month.
Africa registers a race for investment in Eurobonds. Nigeria, Kenya, Senegal, Ghana and Cote d’Ivoire all issued foreign currency bonds this year, but none have yet touched Asian markets, which until then had been Tunisian specialties.
