The subscription period ends Thursday, October 13, 2016, but the first ever USD-denominated domestic bond issued by government and targeted at investors resident in Ghana and Ghanaians abroad, has...
The sale of the first dollar-denominated bond for local investors begun on October 3 Government is looking at raising up to $100 million from its historic domestic dollar bond. The sale of the first...
Finance Minister, Seth Terkper, has stated that the decision to raise capital through the issuance of international bonds, otherwise known as Eurobond, has become a mainstay in Ghana’s borrowing...
President John Mahama has stated that the recent upgrade from negative to stable by International rating firm, Moody’s is an indication that his government is “doing something right.”...
Government’s desire to borrow more funds continues to grow as the Ministry of Finance targets Ghanaians in the diaspora to raise bonds from them. In recent times, government’s decision to borrow...
Why Ghana gov't needs to rethink too many Eurobond issues Introduction There are several advantages that Eurobond brings to the issuing country. The main advantage is to increase the liquidity and...
Moody’s Investors Service (“Moody’s”) has affirmed the Government of Ghana’s issuer and senior unsecured rating at B3 and changed the outlook to stable from negative. The key drivers of...
Finance Minister Seth Terkper is optimistic government’s decision to issue its first local dollar denominated bond in the country will yield good results. According to him, there are enough US...
The Bank of Japan said Wednesday that it's introducing a new long-term interest rate target of around zero. The bank has already gone to extreme lengths in its attempts to stimulate the country's...
South Africa does it; and Nigeria does it too, but the idea of local government authorities issuing bonds to fund infrastructure development has been snubbed in Ghana, and investment banker, Kojo...
Information gathered by Citi Business News indicates that government has commenced meetings with local investors to raise its first dollar denominated bond locally. The Finance Minister, Seth Terkper...
Business Finder’s comparison of Ghana’s debut on the international capital market in 2007 when it raised US$750 million at a cost of 8.50 per cent with the recent Eurobond has revealed a...
The world’s biggest investment banks saw combined revenues sink by 15 per cent in the first half of this year, the most since the aftermath of the financial crisis, underlining the urgency of...
The Minister of Finance, Mr Seth Terkper, has expressed satisfaction at the pricing of Ghana’s fifth Eurobond at 9.25 per cent in London on Thursday to raise US$750 million from international...
A Senior lecturer at the University of Ghana Business School, Dr. Lord Mensah has argued that managers of the economy should have rejected the 9.25% rate offered by investors on Ghana’s fifth...
Finance Minister Seth Terkper, has justified the launch of Ghana’s fifth Eurobond at a high yield of 9.25 percent with a short maturity date. Related Stories Ghana issues fifth Eurobond at 9.25%...
Ghana issued a $750 million Eurobond on Thursday at a more favourable yield of 9.25 percent compared to its last sale, officials said, bringing in badly needed cash to balance the government's budget...
The Republic of Ghana has launched a $750m bond due 2022 at a yield of 9.25 percent, according to persons close to the deal. That compares with guidance of 9.5 percent area (plus or minus 12.5bp) and...
Ghana’s finance minister hopes to tap international capital markets for the fourth time in as many years, but dismissed concerns that government spending and borrowing ahead of elections increased...
Government plans to borrow an amount of GHC25.2 billion (GHC25,270 million) for the remaining five months of 2016. The amount, which would be borrowed between August and December 2016, will be used...
