Ghana is planning to issue green and social bonds of up to $2 billion by November, which would make it the first African country to sell debt to fund development programs.
The West African economy, which is planning to borrow up to $5 billion on international markets this year, would use the proceeds from these sustainable bonds to refinance debt used for social and environmental projects and pay for educational or health, Ghanaian Finance Minister Ken Ofori-Atta said in an interview in the capital, Accra.
Ghana plans to issue Africa’s first social bonds with $2B sale | Financial Markets News | Al Jazeera