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
-
Sanitation crisis hits Nungua pre-school, enrollment drops to four
10 minutes -
Two killed, five injured in fatal crash at Third Ridge, Cape Coast
14 minutes -
Probe fires at state institutions; expose any sabotage — Asiedu Nketia
22 minutes -
Amelley Djosu: Dear comedians, the headliner should not be the weakest link
51 minutes -
King to attend White House ceremony with Trump ahead of speech to Congress
59 minutes -
“I had no childhood dreams” — Dr Adutwum reflects on humble beginnings and education journey
60 minutes -
Volta Region receives 900 Laptops for rollout of One Million Coders ProgrammeÂ
1 hour -
Security agencies, assembly lead clean-up exercise in Winneba ahead of Aboakyer Festival
1 hour -
Dr Kojo Opoku Aidoo
1 hour -
Asiedu Nketia’s nationwide ‘Thank You’ tour hailed as boost for grassroots engagement and national unity
1 hour -
I was a victim of my own success – RNAQ blames wealth for marriage breakdown
1 hour -
Confront audit infractions with honesty—Accountant-General to public sector accountants
1 hour -
Daniel Gaspar appointed Black Stars goalkeepers’ trainer ahead of 2026 World Cup
1 hour -
Braggadocious statements, tearful apologies
1 hour -
GMet warns of thunderstorms, strong winds across five regions
1 hour