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October 2016

Ghana Issues its Maiden Domestic US Dollar 2-Year Bond

Monday 17th October, 2016. Government on October 13, 2016 successfully issued a US Dollar denominated bond on the domestic bond market. The 2-year bond, which was highly subscribed yielded an amount of US$94.64 million at a coupon rate of 6 percent, consistent with the initial price range of between 5.5 percent and 6.5 percent.

Ghana Issues its Maiden Domestic US Dollar 2-Year Bond

Monday 17th October, 2016. Government on October 13, 2016 successfully issued a US Dollar denominated bond on the domestic bond market. The 2-year bond, which was highly subscribed yielded an amount of US$94.64 million at a coupon rate of 6 percent, consistent with the initial price range of between 5.5 percent and 6.5 percent.
 
2.       On settlement, this 2-year bond becomes one of our country’s lowest yield bonds aside the 2017s which are currently trading at about 5.45 percent and maturing in less than a year.
 
3.       The offer, which was open to resident investors only, attracted a total of 26 bids with a face value of US$99.64 million.

Director of Budget
Mr. Sampson Asare Fianko
Tel: 
+233 302 747 197
Ghana and Kuwait Sign Loan Agreement

October 11, 2016.          The Government of Ghana and the Kuwait Fund for Arab Economic Development have signed a concessional loan agreement of Kuwaiti Dinar 7.0 million (US$24.0 million) for the Expansion and Development of 26 existing Senior High Schools Project. The agreement was signed today on the side lines of the annual IMF World Bank Group meetings currently on-going in Washington DC.
 
2.       The Loan Agreement was signed on behalf of the Government of the Republic of Ghana by the Minister for Finance, Hon. Seth E. Terkper while the Deputy Director-General of the Fund, Mr. Hesham Al-Waqayan, signed on behalf of the Kuwait Fund for Arab Economic Development.

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