Ghana seeks to borrow $1.7bn to help acquire energy assets

Ghana is seeking Parliamentary approval to borrow as much as $1.65-billion to accelerate oil and gas exploration by acquiring and developing assets. The investment push comes after Exxon Mobil Corp. pulled out of an offshore prospect in the West African country in May, dealing a blow to its burgeoning oil and gas sector. There are also rising concerns that the push for lower-carbon energy may reduce the value of Ghana’s hydrocarbon resources over time.