Landmark Eurobond is recognition of credible economic management – Gov’t

March 22, 2019 Editor Business 0

Landmark Eurobond is recognition of credible economic management - Gov't
Minister for Information, Kojo Oppong Nkrumah

The government has described the recent over-subscription of its Eurobond as an overwhelming vote of confidence in Ghana’s economic resurgence and a recognition of the credibility of Ghana’s economic management team.

The $3billion Eurobond at its closure yesterday in London received orders totalling $21 billion – about seven times more than the amount needed, a development the government believes is evidence of growing global confidence in Ghana’s economic resilience.

Addressing a press briefing today in Accra, the Minister of Information, Kojo Oppong Nkrumah said the successful issuance of the bond signifies the faith global investors have in Ghana’s ability to churn out strong returns and service obligations.

“At 21 billion, this is the highest-ever dollar note issued for bonds in sub-Saharan Africa and that is the first reason why we consider this as a vote of confidence in GhSaharanconomic resurgence,” Mr Oppong Nkrumah said.

“The second is that, such high success coming at a time when Ghana is exiting the IMF this year is evidence that the global investor community is confident that the managers of the economy are on an irreversible track of stability…

“The third reason for which we say this is a vote of confidence is that, this landmark issuance recognises the credibilty of the economic management team which has led Ghana to a successful completion of the IMF programme which derailed under the erstwhile NDC administration”.

He said the proceeds of the issuance will be utilised for budgetary support such as infrastructure and the delivery of growth driving initiatives.

credit: graphic.com.gh

Related posts:

Ghana at the mercy of eurobondsGhana at the mercy of ‘eurobonds’…what do we celebrate? Default ThumbnailTOR explosion: Institute for Energy Security fears for fuel security Default ThumbnailBEIGE ventures into health insurance Default ThumbnailMpohor MP explains, private sector boom in the new NPP era would create jobs Default ThumbnailGRA’s PAARS Valuation Module to boost government revenue Default Thumbnail‘We support your vision’- World Bank Veep tells Akufo-Addo PURC to announce new tariffs on Feb. 1 mtn blood donationMTN distributes 514 pints of blood to hospitals in Western region

Publish on Apt

Do you have any Social, informational, educational or entertaining stuff that should be featured on www.aptnewsghana.com?

Please submit your stories, pictures, and videos to us via WhatsApp: +233548388489 or click on the icon on your screen. Alternatively, email us: aptnewsghana@gmail.com

RSS feed: APO Group – Africa-Newsroom: latest news releases related to Africa APO Group – Africa-Newsroom: latest news releases related to Africa

  • Click ITS and Canon Middle East Spotlight Intelligent Printing and Digital Transformation in Egypt Ahead of Cairo ICT 2026 November 5, 2026
    Click ITS, an established technology solutions provider in Egypt, brought together business leaders, key customers and decision makers in collaboration with Canon Middle East (www.Canon-ME.com) to explore how intelligent printing, digital imaging and connected document solutions can address evolving business needs across the Egyptian market. Held under the theme “Powering the Future of Print with […]
  • What are the choices for financing Africa’s infrastructure ambitions? November 5, 2026
    Africa’s infrastructure ambition is easy to articulate, but far harder to finance and deliver. Across the continent, power, water and transport projects must compete for capital while responding to different regulatory environments, institutional capabilities, market structures and operating conditions. The strength of an infrastructure plan therefore depends on more than the scale of the ambition. […]
  • Strengthening Maritime Security Through Kenya–European Union (EU) Partnership November 4, 2026
    Kenya and the European Union (EU) continue to strengthen their longstanding partnership in promoting regional peace, security and stability through enhanced defence cooperation, capacity building and support for maritime security operations. The partnership reflects a shared commitment to addressing emerging security challenges, strengthening defence capabilities and safeguarding maritime interests across the Western Indian Ocean. In […]
  • Eritrea: Over 80 Youth Graduate from Vocational Training in Adi-Tekelezan November 4, 2026
    Download logoOver 80 young trainees who had been attending a three-month vocational training program comprising theoretical and practical courses in the Adi-Tekelezan sub-zone graduated on 31 October. Mr. Neraeyo Rezene, Head of the National Union of Eritrean Youth and Students (NUEYS) in the sub-zone, said that the training covered water and electrical installation, computer technology, […]
About Editor 676 Articles
Joe Bright Nyarko Journalist/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.

Be the first to comment

Leave a Reply