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Ghana plans to issue $1 bln Eurobond in 2015: finance minister

Reuters

ACCRA (Reuters) - Ghana plans to issue a $1 billion 10-year Eurobond in 2015 to settle debt that matures in 2017, Finance Minister Seth Terkper told Reuters, after a financial assistance deal agreed last week with the International Monetary Fund. The government will also continue to use its oil stabilization fund, oil price hedging and monetary tightening to manage foreign exchange volatility for Ghana's cedi currency, Terkper said in an interview late on Wednesday.