Oct. 3, 2016 Following the establishment of a domestic multi-currency bond programme (the “Programme”) by the Government of Ghana (the “Government”), the Government is set to issue its first United States Dollar (“USD”) bond in the domestic market under the Programme (the “Transaction”).
The key rationale for the Transaction is to explore alternative sources of funding for meeting the financing needs of the Government as well as further develop and deepen the capital market in Ghana through the introduction of a new investment product.
The Bond is open to investors resident in Ghana and non-resident Ghanaian investors, who have USD balances in their Foreign Exchange Accounts (“FEA”) and Foreign Currency Accounts (“FCA”). The Bond will be issued in two series: ...
Oct. 3, 2016 Hon Seth Terkper, Minister of Finance is leading a Government delegation to the IMF/World Bank Annual Meetings to be held in Washington DC, from October 4 – 14, 2016.
2. The delegation is made up of officials from the Bank of Ghana including the Governor, the Chairman of the Finance Committee in Parliament and officers from the Finance Ministry and the Bank of Ghana.
3. Whiles there, the delegation will participate in the African Caucus Meeting with World Bank President Jim Yong Kim, as well as the African Caucus Meeting with IMF Managing Director, Christian Lagarde. They would also hold a side meeting with IMF Deputy Managing Director, Tao Zhang.