{"id":345598,"date":"2017-08-17T09:15:11","date_gmt":"2017-08-17T09:15:11","guid":{"rendered":"http:\/\/citifmonline.com\/?p=345598"},"modified":"2017-11-10T10:37:07","modified_gmt":"2017-11-10T10:37:07","slug":"govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/","title":{"rendered":"Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond"},"content":{"rendered":"<p>Foreign investors have shown interest to buy government\u2019s 2.4 billion dollar energy sector bond.<\/p>\n<p><strong>Citi Business News<\/strong>\u00a0understands this is the response following an international road show by the transaction managers for the energy sector bond.<\/p>\n<p>The Deputy Energy Minister in charge of Finance, Joseph Cudjoe who disclosed this to\u00a0<strong>Citi<\/strong>\u00a0<strong>Business News<\/strong>\u00a0explained that the move is expected to accrue cash to fix the financial challenges confronting Ghana\u2019s energy sector.<\/p>\n<p>\u201cThe advisors of the bond issue; Stanchart as the lead advisor they rather undertook an international roadshow in London and also followed up in South Africa. At the moment, I believe within the next days the local roadshow will also be done so that we have international and local to complement the investor interest in the bond,\u201d the Deputy Minister stated.<\/p>\n<p>The continuous delay in paying off the 2.4 billion dollar (10 million cedis) debt has been cited as the bane of Ghana\u2019s banking sector.<\/p>\n<p>This is because the balance sheets of the commercial banks have been badly affected.<\/p>\n<p>The government contends that the\u00a0<span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/citibusinessnews.com\/index.php\/2017\/08\/07\/ghana-gas-unable-to-refinance-cdb-loan-ceo\/\" target=\"_blank\">financial challenges<\/a><\/strong><\/span>\u00a0confronting the various institutions in the power distribution system.<\/p>\n<p>Debts owed by the VRA to Ghana Gas for instance stands at 500 million dollars.<\/p>\n<p>This has also resulted in Ghana Gas\u2019 inability to repay the CDB loan contracted to construct the Atuabo Gas processing plant.<\/p>\n<p>Recently, the CEO of the Ghana Grid Company (GRIDCo), Ing. William Amuna bemoaned the\u00a0<span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/citifmonline.com\/2017\/08\/15\/gridco-banking-on-refinancing-module-to-deal-with-debts\/\" target=\"_blank\">indebtedness of the ECG<\/a><\/strong><\/span>\u00a0to the company in excess of over GH\u00a2 600 million\u00a0and how it is affecting the cash flow and operations of the power generator.<\/p>\n<p>Mr. Joseph Cudjoe is however confident that the eventual issuing of the bond should turnaround the fortunes of the finance and energy sectors.<\/p>\n<p>\u201cWe are looking at raising 6 to 7 billion cedis at this stage because sometimes when it comes to raising funds, strategically if you go in with the huge amounts, investors can bargain for a higher yield. But if you control it and make it smaller, then many investors that show interest can accept very competitive rates.\u201d<\/p>\n<p>&#8211;<\/p>\n<p>By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign investors have shown interest to buy government\u2019s 2.4 billion dollar energy sector bond. Citi Business News\u00a0understands this is the response following an international road show by the transaction managers for the energy sector bond. The Deputy Energy Minister in charge of Finance, Joseph Cudjoe who disclosed this to\u00a0Citi\u00a0Business News\u00a0explained that the move is expected [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":338871,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,170,11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Foreign investors have shown interest to buy government\u2019s 2.4 billion dollar energy sector bond. Citi Business News\u00a0understands this is the response following an international road show by the transaction managers for the energy sector bond. The Deputy Energy Minister in charge of Finance, Joseph Cudjoe who disclosed this to\u00a0Citi\u00a0Business News\u00a0explained that the move is expected [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-17T09:15:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-10T10:37:07+00:00\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/\",\"url\":\"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/\",\"name\":\"Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2017-08-17T09:15:11+00:00\",\"dateModified\":\"2017-11-10T10:37:07+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/","og_locale":"en_US","og_type":"article","og_title":"Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond - Citi 97.3 FM - Relevant Radio. Always","og_description":"Foreign investors have shown interest to buy government\u2019s 2.4 billion dollar energy sector bond. Citi Business News\u00a0understands this is the response following an international road show by the transaction managers for the energy sector bond. The Deputy Energy Minister in charge of Finance, Joseph Cudjoe who disclosed this to\u00a0Citi\u00a0Business News\u00a0explained that the move is expected [&hellip;]","og_url":"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2017-08-17T09:15:11+00:00","article_modified_time":"2017-11-10T10:37:07+00:00","author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/","url":"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/","name":"Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2017-08-17T09:15:11+00:00","dateModified":"2017-11-10T10:37:07+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2017\/08\/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"Gov\u2019t woos foreign investors for its $ 2.4 bn energy sector bond"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/345598"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=345598"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/345598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=345598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=345598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=345598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}