Ghana Seeks Equity, Not Costly Eurobonds, Ricketts-Hagan Says

What changed

Ghana is reported to be seeking equity financing instead of costly Eurobonds, according to Ricketts-Hagan. The report, dated October 19 in Bangkok, gives no financing amount, structure, investors or approval timeline.

Why it matters

The distinction is important because equity and Eurobonds put different demands on Ghana. Equity would mean bringing in capital on terms that are not described here; Eurobonds are debt, with borrowing costs attached.

For now, this is a financing preference, not a completed deal or announced policy. The practical question is whether Ghana can turn that preference into a defined equity instrument, with clear terms and counterparties. Until then, the country’s financing direction has shifted in language, but not yet in a documented transaction.