Tag Archives: Seth Terkper

ITLOS case triggered high interest on Ghana’s Eurobonds


Ghana would have had a much lower yield on its 2015 and 2016 Eurobonds, if its case with Ivory Coast over the maritime boundary was not in existence. This was revealed by a former Finance Minister Seth Terkper, who told host of Citi Breakfast Show Bernard Avle, that  the dispute between the two countries led to the high yields Ghana ...

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Maritime dispute: 2007 $750m bond was at stake – Terkper

Minister of Finance, Seth Terkper

In the background of the issuance of the 2015 and 2016 bonds, Ghana’s financing of the $750 million 2007 bond, was at stake because of the maritime dispute with Côte d’Ivoire at the International Tribunal of the Law of the Sea. A former Finance Minister, Seth Terkper, revealed on the Citi Breakfast Show that the litigation at ITLOS was a point of interest ...

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We’ve left stabilized economy for NPP – Terkper

seth terkper (3)

Ahead of the handover of power from the National Democratic Congress (NDC) to the New Patriotic Party (NPP), Finance Minister Seth Terkper has reiterated that his government will be leaving behind a stabilized economy for the incoming administration. Mr. Terkper said this was achieved despite the significant challenges that confronted the economy in the form of the power crisis and ...

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We’ve stabilized economy – Terkper

Finance Minister Seth Terkper

Ghana’s Finance Minister has defended the government’s management of the economy, saying there have been significant improvements. Seth Tekper cited major economic policy decisions including specific investments in the power sector which he said prevented the country from sliding into a recession. In the last three years, the country has gone through serious economic challenges, which compelled government to resort ...

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Alleged $300m payment to UK firm false – Seth Terkper

Minister of Finance, Seth Terkper

Government has made no payment to a UK-based firm for the supply of security infrastructure without parliamentary approval, as alleged by the opposition New Patriotic Party (NPP). The party alleged that government has signed a fraudulent deal worth about $300 million for the supply of national security equipment with UK-based firm, Santa Barron. The NPP further said, government has already paid the UK-based ...

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Manya Krobo will enjoy more projects under me – Mahama


President John Mahama has called on the chiefs and people of Manya Krobo to collaborate with government to help eliminate poverty and ignorance in the area and create job opportunities and wealth for all. He said government has taken the needed measures to ensure that all the Krobo communities from Bokunor to Koforidua get access to pipe-borne water. President Mahama ...

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CDB task force to spend $6 million in pursuing $1.5 billion gas loan

Ghana's Finance Minister, Seth Terkper

A Presidential Special Task Force leading negotiations for the procurement of a $1.5 billion from the China Development Bank is set to expend a total of $6 million dollars while shuttling between Ghana and China. The task force according to a document sighted by is made up of five members. The document titled ‘Decisions Memorandum on the Work of ...

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Gov’t requests GHc 10.9bn for 2017 first quater

Seth Terkper on the floor of Parliament

The Finance Committee of Ghana’s Parliament has recommended the approval of a GHc 10.9 billion request by the government to help finance “critical government expenditure” in the first quarter of 2017. The Committee noted that the government’s request became necessary due to the tight election calendar which made it difficult to come out with an Appropriation Act before the end ...

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Ghana issues fifth Eurobond at 9.25%

Seth Terkper

Ghana today [Thursday] issued its fifth Eurobond of 750 million dollars at a yield of 9.25 percent a few points lower than the last one which was at 10.75 percent. According to statement from the Finance Ministry the bond was oversubscribed with orders exceeding 4 billion dollars but government took only 750 million dollars. ‘Ghana has priced and will issue ...

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CDB loan cut heightens fear of diplomatic row

Seth Terkper, Minister of Finance

The decision by the government to cap the Chinese Development Bank (CDB) loan from US$3 billion to US$1.5 billion may ruffle some diplomatic feathers if not managed well, experts have warned. Research Coordinator of the University of Professional Studies, Accra (UPSA), Dr Joseph Tuffour, said although the decision to abandon the chase for the remaining US$1.5 billion was a mark ...

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