During the presentation of the 2014 Budget, Government announced its intention to a) diversify its sources of funding (b) change the maturity profile of the public debt by financing capital expenditures with long-term debt and (c) refinance expensive domestic debt with cheaper sources of funds.
In line with this, Government sought and obtained Parliamentary approval to issue a $1 billion Eurobond in 2014 for capital expenditures in the Budget, counterpart funding for pipeline projects and the refinancing of domestic and external debt. (May 30, 2014)
The attention of the Ministry of Finance has been drawn to a front page story in the New Statesman with the headline, “Seth Terkper wants Duffuor Arrested” in the Wednesday May 21, 2014 edition which has subsequently been published in various print and electronic media. The Ministry wishes to state categorically that the allegations attributed to the Hon Seth Terkper are not only false but calculated to tarnish the image of the Hon Minister, the Presidency and to create enmity between him and Dr Kwabena Duffuor. (May 22, 2014)