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Ghana ends ban on dollar imports, eyes bond issue next month

 

Reuters, July 31, Ghanadot - Ghana said on Tuesday it had ended a ban on commercial banks importing dollars in a bid to prop up its ailing cedi currency and said it planned to press ahead with a $1.5 billion Eurobond next month if market conditions were favourable.

Struggling to tame large budget and current account deficits, the West African country has seen its currency slide by more than 40 percent this year against the dollar amid high demand for the greenback, turning investor sentiment against Ghana, a onetime frontier market darling. ...........

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Ghana ends ban on dollar imports, eyes bond issue next month
Reuters, July 31, Ghanadot - Ghana said on Tuesday it had ended a ban on commercial banks importing dollars in a bid to prop up its ailing cedi currency and said it planned to press ahead with a $1.5 billion Eurobond next month if market conditions were favourable.... .
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