Patrick Nomo - Chief Director Sampson Fianko - Ag. Director of Budget Azu Sam-Aziakor - Director, General Administration MoF Main Building
Inflation
November  2016
15.50%
STATEMENT BY THE HON. MINISTER FOR FINANCE - NEW EUROBOND ISSUE AND TENDER OFFER ANNOUNCEMENT

Thursday 8th September, 2016  Following from our prior roadshow in August 2016, when we indicated that we would continue to monitor markets with a view to a potential new Eurobond issue and our subsequent completion in early August 2016 of a ~US$100 million tender offer in respect of Ghana’s Eurobonds due 2017, we have today announced a prospective new Eurobond issue and any and all tender offer in respect of the outstanding Eurobonds due 2017.

 

GOVERNMENT PARTNERS BANKS IN RESOLVING ENERGY SECTOR LEGACY DEBTS BY MINISTRY OF FINANCE

MoF shall establish, fund and maintain for as long as the New Facilities or any part thereof is outstanding the following Debt Service Reserve Accounts (“DSRAs”) to a required balance equivalent to at least two (2) instalments of Estimated Total Quarterly Amount to be maintained at the BoG:

•US Dollar DSRA denominated and funded in US Dollars

•Ghana Cedi DSRA denominated and funded in Ghana Cedis ...

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