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September 2014

Request for Expression of Interest

Mid-Term Evaluation and Development of a Strategy for the Post Pilot Phase of the Government of Ghana Capacity Development Mechanism. The Ministry of Finance, hereby, invites eligible individual consultants to indicate their interest in the evaluation and the development of the strategy for mainstreaming the Capacity Development Mechanism (CDM) into public service organizations.

IMF Staff Concludes Visit to Ghana

At the request of the Ghanaian authorities, an International Monetary Fund (IMF) mission led by Mr. Joel Toujas-Bemate initiated discussions on a possible program of economic reforms that could be supported by the IMF. The mission met with President Mahama; Vice-President Kwesi Amissah-Arthur; Dr. Kwesi Botchwey, Chairman of the National Development Planning Commission; Finance Minister Seth Terkper; Minister of Gender, Children and Social Protection Ms. Nana Oye Lithur; Bank of Ghana Governor Kofi Wampah; other senior officials, and representatives of the private sector, the donorcommunity and civil society.

Keynote Address by Hon. Mona Helen K. Quartey at the Opening of the Fourth National Financial Literacy Week at Accra International Conference Centre, Tuesday 23 September 2014

If knowledge is power then financial knowledge is security. Financial literacy has been identified globally as a critical tool for development – issue relating to budgeting, savings, investment and the management of risks are relevant for the individual, households and businesses in their development process.

Ghana Prices Third Eurobond

New York Sept. 11, 2014 - Ghana has priced and will issue its third Eurobond of US$1.0 billion at a coupon rate of 8.125. The bond was oversubscribed with orders reaching up to US$3 billion. Like the two previous issues, this year’s bond attracted investors from Europe, the United States, Middle East and Asia. The bond is a soft amortizing bond, amortising in years 2024, 2025 and 2026 with principal repayment in three instalments of US$333 million in years 2024 and 2025, and US$334 million in 2026.

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