{"id":102732,"date":"2015-03-26T12:00:14","date_gmt":"2015-03-26T12:00:14","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=102732"},"modified":"2015-03-26T15:01:24","modified_gmt":"2015-03-26T15:01:24","slug":"investors-to-snob-ghanas-5-year-bond-over-bawumianomics","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=102732","title":{"rendered":"Investors to snob Ghana’s 5 year bond over ‘Bawumianomics’"},"content":{"rendered":"

Government fears investors may shy away from the 5 year domestic bond it intends to issue today March, 26, 2015.<\/p>\n

According to a deputy finance minister Cassiel Ato Forson investors may not patronize the bond due to the recent analysis of the economy by a former Deputy Governor of the Bank of Ghana Dr Mahamadu Bawumia in his lecture on the IMF deal.<\/p>\n

\"Cassel<\/a>
Cassel Ato Forson, Deputy Finance Minister<\/figcaption><\/figure>\n

‘You know what this has done to Ghana, we are going to the bond market, we have a 5 year bond which we are auctioning today and we were hoping it will b successful, but he has ended up sending fear and panic among investors and this is not good.’ He said.<\/p>\n

[contextly_sidebar id=”PXl6Otj4ZCDN5P4zzMrQDPVFWDNzkcg3″]The Bank of Ghana will today auction a 5- year fixed rate bond on behalf of government.<\/p>\n

Government intends to raise GH\u023b440 million from the auction to refinance government\u2019s debts.<\/p>\n

Apart from paying its maturing debts, the funds raised from the bond will also be used to finance government\u2019s liquidity challenges.<\/p>\n

The bond which will be available to both resident and non-resident investors will be the second bond the Bank of Ghana is issuing this year.<\/p>\n

The first bond was successful and was oversubscribed.<\/p>\n

But Cassiel ato forson fears today’ auction may not be successful due to recent comments made by Dr Bawumia on the economy.<\/p>\n

‘I think he must apologize because he has sent the wrong signal to investors and this could affect the success of this bond’. He said.<\/p>\n

 <\/p>\n

By: Vivian Kai Lokko\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

Government fears investors may shy away from the 5 year domestic bond it intends to issue today March, 26, 2015. According to a deputy finance minister Cassiel Ato Forson investors may not patronize the bond due to the recent analysis of the economy by a former Deputy Governor of the Bank of Ghana Dr Mahamadu […]<\/p>\n","protected":false},"author":14,"featured_media":102244,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[19],"tags":[43,4],"class_list":["post-102732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-foresight-medical-center","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/102732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102732"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/102732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/102244"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}