The Bank of Ghana said on Tuesday it will issue GH?300 million (US$153.5 m) worth of five-year bonds at an auction on Aug. 23 that will be open to foreign investors.

Ghana has sought to use recent bond issues to fund infrastructure projects and pay off debt, as well as to help shore-up its local cedi currency.

This will be the government?s fourth bond auction this year, and possibly the last one.

From January to date, the Bank of Ghana has mobilised a little over GH?1billion? through issuance of government papers.

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