Audio By Carbonatix
The International Monetary Fund’s (IMF) board on Monday approved the next disbursement of about $190 million under Ghana’s aid program, two sources at the Washington-based lender told Reuters.
The commodity exporter will begin a roadshow this week to market a $2.5 billion Eurobond issuance to restructure debt and support the government’s 2018 budget, a senior government official said.
The West African country is in its final year of the $918 million credit deal signed in April 2015 to fix its economy, dogged by high deficits, inflation and a distressing public debt.
Finance Minister Ken Ofori-Atta told Reuters last week that the government was looking to issue the Eurobonds with a coupon in the 7 percent range, well below previous sales.
“The process for the issuance is ongoing and the roadshow is going to start this week,” a senior government official told Reuters on Monday.
The government appointed Standard Chartered Bank, JP Morgan, Bank of America and Citibank to advise on the bond sale, with Fidelity Bank and IC Securities participating as local partners.
Latest Stories
-
President Mahama is not sincere with Ghanaians on LGBTQ bill matter – Hassan Tampuli
4 minutes -
Gov’t to establish Prison Industrial Hub to equip inmates with income-generating skills – Prison Service boss
23 minutes -
Alhassan Tampuli donates cement, roofing sheets to support storm victims in Gushegu
23 minutes -
Alhassan Tampuli appeals for urgent support for storm victims in Gushegu
26 minutes -
The hypocrisy must stop; pass Anti-LGBTQ+ Bill now – Alhassan Tampuli to Mahama
30 minutes -
Imprisonment should be rehabilitative, not punitive – Ghana Prisons boss at UNGA
52 minutes -
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
1 hour -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
1 hour -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
1 hour -
Nigeria convicts 386 Islamist militants in mass trials
1 hour -
Djibouti president wins election with 97.8% of vote, state media says
1 hour -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
2 hours -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
2 hours -
Christina Koch becomes first woman to travel around the moon on Artemis II
2 hours -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
2 hours