Ghana to issue $3.24 billion in bonds in second quarter, central bank says
GHANA plans to issue 24 billion cedi ($3.24 billion) in bonds in second quarter according to a government debt issuance calendar published by the central bank. It said 20 billion cedi would be used to roll over maturing bonds, while the remaining 4.5 billion is fresh issuance to meet the government's financing requirements. Ghana's economy is currently facing a raft of financial woes including rampant inflation, a depreciating currency and a heavy debt burden. Its credit ratings have recently been downgraded for reasons including concerns for the country's access to international capital markets. The calendar showed that the government plans…