Audio By Carbonatix
Finance Minister, Ken Ofori-Atta, has confirmed government could issue up to $2 billion Eurobond by June this year.
Mr Ofori-Atta has been giving details of this bond after he secured some commitment from investors in Asia during his non-deal roadshow.
“As you know we are going to issue anywhere from 1 to 2 billion dollars of sovereign paper and so I think we’ve found some people who are excited about that.
We also are a lot more positive about maybe issuing a green bond and we got some keen interest from that. So it was a good trip and then we look forward to further engagements. Certainly this first half of the year,” he told JoyBusiness in an interview.
This disclosure by the minister could also mean that government might be seeking more than what is proposed in the 2018 budget to finance the deficit.
Green bonds
Green bonds were created to fund projects that have positive environmental and/or climate benefits. The majority of the green bonds issued are green “use of proceeds” or asset-linked bonds.
Proceeds from these bonds are earmarked for green projects but are backed by the issuer’s entire balance sheet.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
USTED dean warns GAUA strike could disrupt Ghana’s restored academic calendar
3 minutes -
Bechem meat processing factory 50% complete, set for March 2027 completion – Kwakye Ofosu
16 minutes -
Titus Glover criticises Mahama’s appointment of Afi Agbenyo as EC Deputy Chairperson
22 minutes -
GoldBod initiative has created over 1,300 public and private sector jobs – Sammy Gyamfi
24 minutes -
Financial wellness key to retaining Ghana’s skilled workforce – Merban Capital CEO, Benjamin Ackah-Nyamike
27 minutes -
Sidney Nii Oko Bampoe & Isaac Akuetteh Addo
34 minutes -
Haruna Iddrisu calls for ‘Big Push’ investment in health, education, sports and agriculture
34 minutes -
Ghanaian youngster Prince Amoako Jnr reaches new milestone with FC Nordsjælland
37 minutes -
Ho Teaching Hospital to get cardiology centre under Ghana Medical Trust Fund
39 minutes -
PAC pushes for effective use of GH¢25m by Tree Crops Development Authority
41 minutes -
UK MEET Fellowship challenges journalists to look beyond AI hype
43 minutes -
Kurt Okraku’s regime has ‘failed to perform’ – Kudjoe Fianoo demands resignation of GFA Executive Council
43 minutes -
Afenyo-Markin’s influence is limited by minority numbers in Parliament – Haruna Iddrisu
46 minutes -
Police administration is doing a yeoman’s job – President Mahama
49 minutes -
GoldBod tells PAC Bank of Ghana authorised its foreign exchange transactions
49 minutes