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October 2015

Money Market Activities - 19 October - 23 October - 2015
 
Interbank Market Activity from 19th October - 23rd October 2015
Weighted Av. Rate % Rates Range
25.00% 24.80% - 25.03%

 

Money Market Activities - 12 October - 16 October - 2015
 
Interbank Market Activity from 12th October - 16th October 2015
Weighted Av. Rate % Rates Range
25.02% 24.90% - 25.02%

 

Press Release: Ghana 2015 Eurobond

Ghana is determined to foster inclusive and sustainable growth under front-loaded IMF supported macroeconomic ajdustments and improvements in real-sector performance. Ghana plans more externally-oriented financing and refinancing mix for H2 2015. Under the IMF Programme, in-line with existing moratorium on new borrowing, Ghana is subject to a ceiling on new non-concessional external borrowing of US$2.5 billion in 2015.

Money Market Activities - 05 October - 09 October - 2015
 
Interbank Market Activity from 5th October - 9th October 2015
Weighted Av. Rate % Rates Range
25.04% 24.80% - 25.10%

 

Goldfields Limited Present Dividend to Government

The Deputy Minister for Finance, Hon. Mona Quartey has commended Goldfields Limited for consistently paying its dividend to Government despite challenges with power supply and fallen prices of gold. She also urged companies in the extractive industries to emulate the performance of Goldfields Limited in this regard. Hon Quartey made these remarks when she, on behalf of the Ministry of Finance, received an amount of US$ 7 million, being the 2015 interim dividend of Goldfield Limited.

Money Market Activities - 28 September - 02 October - 2015
 
Interbank Market Activity from 28th September - 2nd October 2015
Weighted Av. Rate % Rates Range
24.99% 24.95% - 25.05%

 

Ghana Prices Fourth Eurobond

Today, October 7, 2015. Ghana has priced and will issue its fourth Eurobond of US$1.0 billion at a coupon rate of 10.75%. The bond was oversubscribed with orders reaching up to US$2 billion.  Like the three previous issues, this year’s bond attracted investors from the United Kingdom, Europe, the United States, Middle East and Asia.

STATEMENT ON THE REPUBLIC OF GHANA 2015 SOVEREIGN BOND ROAD SHOW

Today, October 1, 2015. A Government delegation led by the Minister of Finance and the Governor of the Bank of Ghana met investors in London, San Francisco, Los Angeles, Boston and New York.  Investors were updated of Ghana’s significant progress towards fiscal consolidation and the continued support provided by the IMF, the World Bank Group and other development partners.
 
The Government of Ghana thanks its current and prospective international investors for the series of meetings from September 22 to September 30, 2015. The Government of Ghana continues to consider a USD bond issue, subject to market conditions, as stated in the original announcement.

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