{"id":323535,"date":"2017-05-30T06:00:48","date_gmt":"2017-05-30T06:00:48","guid":{"rendered":"http:\/\/citifmonline.com\/?p=323535"},"modified":"2017-05-30T06:00:48","modified_gmt":"2017-05-30T06:00:48","slug":"investors-may-shun-2-4-bn-bond-ndc-mp","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/05\/investors-may-shun-2-4-bn-bond-ndc-mp\/","title":{"rendered":"Investors may shun $2.4 bn bond – NDC MP"},"content":{"rendered":"
National Democratic Congress (NDC)\u00a0Member of Parliament for Bolgatanga Central, Isaac Adongo, believes the controversy surrounding the $2.25 billion dollar bond may impede the planned issue of a 15-year bond to clear energy sector debts.<\/p>\n
Speaking on Eyewitness News<\/strong>, Mr. Adongo said the apparent secrecy surrounding that $2.25 billion bond had\u00a0eroded investor confidence.<\/p>\n [contextly_sidebar id=”vdnzS0oA984vr0iKWFcuId10BdkcV3wF”]\u201cThe biggest challenge for this debt is the fact that the international investor community has lost confidence in the Ghanaian capital market. They are not very happy with the way the $2.25 billion debt went, and they are not happy with the way government is running away from answering basic questions that will satisfy the market.\u201d<\/p>\n According to the MP, indications are that, it may take about a year for the processes to start on the bond despite government having used days to raise the $2.25 billion bond.<\/p>\n