Ivory Coast will sell $500 million of Eurobonds before the end of next month, its first issue on the international market since a default more than three years ago, Prime Minister Daniel Kablan Duncan said.
The top two candidates in Guinea Bissau’s April 13 presidential elections, the nation’s first since a 2012 coup, will face off in a runoff next month after neither had enough votes to win outright, Reuters reported.
Guinea Bissau voters will cast ballots today in presidential and legislative elections in a bid to help restore democracy two years after a coup that thwarted a previous poll and triggered an economic slide in the former Portuguese colony.
Loan growth at Ghana’s UT Bank Ltd. will be slower this year after the central bank increased the cash-reserve ratio and as treasury bill rates rose, according to Deputy Managing Director Pearl Esua-Mensah.
Ghana’s central bank kept its benchmark interest rate unchanged, while raising the cash reserve requirement for lenders to help curb inflation and bolster the worst-performing African currency this year.
Ghana’s central bank will probably keep its benchmark interest rate unchanged today to help support growth in the West African economy after tightening monetary policy at an emergency meeting two months ago.