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Ghana, Switzerland Sign Project Grant Agreements

An official signing ceremony took place today at the Ministry of Finance between Ghana and Switzerland on a project grant agreement totaling US$15.3 million.
 
The Swiss Ambassador to Ghana, H.E. Gerhard Brugger signed on behalf of the SWISS Government and the Deputy Minister for Finance, Hon. Mona Quartey signed on behalf of Ghana.
 
The grants are the Domestic Revenue Mobilization Project (US$6.5 million); Remittance Grant Facility (US$2.6 million) and the Ghana Urban Mobility and Accessibility Project (US$6 million).

PUBLIC NOTICE ON 3-YEAR BOND ISSUANCE

Please be informed that in line with the Government’s published issuance calendar for May 2016, a 3-Year Fixed Rate Bond will be issued on Thursday, 26th May 2016 for an amount of GH¢500.00 million. This is to rollover the maturing 3-Year Bond, which falls due on 30th May 2016.  
 
I. Members of the general public may apply to any Primary Dealer for purchases of the said securities. 
 
II. The 3-Year Fixed Rate Bond is available to both Resident and Non-Resident Investors. Bids must be electronically delivered to the Central Securities Depository Auction Module not later than 1.30pm on THURSDAY 26TH MAY, 2016
 

ISSUANCE CALENDAR FOR MAY 2016

The issuance calendar for the first half of 2016 was developed in line with the MTDS that specifies the aggregate amounts to be raised by instrument in the period.
 
Note that for the month of May 2016, Government plans to issue an amount of GHC5,520.00 million to rollover a forecast maturities of GHC5,229.95 million, with the remaining amount of GHC290.05 million being a fresh issuance to meet Government's financing requirements.

Issuance Calendar for April, 2016

The issuance calendar for the first half of 2016 was developed in line with the MTDS that specifies the aggregate amounts to be raised by instrument in the period. Note that for the month of April 2016, Government plans to issue an amount of GHS 4,92O.OO million to rollover the forecasted maturities of GHS 4,021.66 million, with the remaining amount of GHS 898.34 million being a fresh issuance to meet Government's financing requirements.

Ministry of Finance Presents Vehicle To PIAC

The Ministry of Finance (MOF) has presented a vehicle to the Public Interest and Accountability Committee (PIAC) at a short ceremony held yesterday. The presentation of the 4x4 Toyota Land Cruiser was done by Hon. Mona Quartey, Deputy Minister of Finance and received on behalf of PIAC by its Chairman, Prof. Paul Kingsley Buah-Bassuah.

5 year Republic of Ghana GHS Denominated Treasury Bond Issuance

The Joint Bookrunners, Barclays Bank Ghana, Strategic African Securities and Stanbic Bank Ghana, are pleased to announce the Initial Price Guidance (“IPG”) of 23.50%- 25.75% for the forthcoming 5 Year Republic of Ghana GHS denominated Treasury Bond Issuance.  The issuance size is TBD.

The book-build will open at 9:00AM on Wednesday 2nd March 2016 and close on Thursday 3rd March 2016.  Book, timing updates and revisions to the IPG (based on the book of demand) will be sent to the market as necessary.

 

ISSUANCE CALENDAR FOR FEBRUARY 2016

The issuance calendar for the first half of 2016 was developed in line with the MTDS that specifies the aggregate amounts to be raised by instrument in the period. The aggregate borrowing amount for the first half of 2016 is GHe30,730.00 million out of which forecast maturities is GHe27,779.00 million and net issuance is GHe2,951.00 million. Subsequently, the monthly calendar which would indicate the instruments (T-bills, notes and bonds) and the volume to be issued would be announced well in advance of each month.

Issuance Calendar for January 2016

The issuance calendar for the 1st half of 2016 was developed in line with the MTDS that specifies the aggregate amounts to be raised by instrument in the period.

5 Year Republic of Ghana GHS Denominated Treasury Bond Issuance

 

5 YEAR REPUBLIC OF GHANA GHS DENOMINATED TREASURY BOND ISSUANCE: BOOK-BUILD SUMMARY (Tender 1461)

 

QUALITY CONTROL COMPANY BOARD INAUGURATED

Hon. Cassiel Ato Forson, Deputy Minister of Finance today inaugurated a five-member Board of Directors for the Quality Control Company (QCC) Limited with Dr Stephen K Opuni, Chief Executive of the Ghana COCOBOD as Chairman.
 
Other members of the Board are; Dr Francis Kofi Oppong, Deputy Chief Executive (A&QC) COCOBOD; Mr Thomas Kwame Osei, MD QCC; Mr Eric Karikari-Boateng, Laboratory Scientist, Food and Drugs Regulating Authority; and Mr Yaw Kyei, representative of Licensed Buying Companies.

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