{"id":97291,"date":"2015-03-07T11:39:31","date_gmt":"2015-03-07T11:39:31","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=97291"},"modified":"2015-03-07T11:39:31","modified_gmt":"2015-03-07T11:39:31","slug":"govt-to-issue-1-billion-eurobond-in-2015","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/03\/govt-to-issue-1-billion-eurobond-in-2015\/","title":{"rendered":"Gov\u2019t to issue $1 billion Eurobond in 2015"},"content":{"rendered":"
The Minister of Finance, Seth Terkper has revealed that government intends to issue a $1 billion 10-year Eurobond in 2015.<\/p>\n
[contextly_sidebar id=”Q0vuonLGLgCQdHaKlhJ05IxvS7NLKqrQ”]This according to the minister is to settle government debts that will mature in 2017.<\/p>\n
Finance Minister Seth Terkper told international news agency, Reuters, after a financial assistance deal<\/strong><\/a><\/span> agreed last week with the International Monetary Fund.<\/p>\n \u201cThe government will also continue to use its oil stabilization fund, oil price hedging and monetary tightening to manage foreign exchange volatility for Ghana’s cedi currency,” Terkper added.<\/p>\n $1 billion Eurobond in 2014<\/strong><\/p>\n Government in 2014 listed three separate Eurobonds on the Ghana Stock Exchange; the third one, which was issued on September 11, 2011, raised an amount of 1 billion US dollars<\/strong><\/a><\/span>.<\/p>\n Issuance of the $1 billion Eurobond in 2014, which was aimed at financing government expenditure<\/strong><\/a><\/span> and infrastructure, was highly criticized while the opposition New Patriotic Party (NPP) called on government to account for the money<\/strong><\/a><\/span>.<\/p>\n IMF to give Ghana $940 million\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n Meanwhile, in its quest to elevate Ghana from its ailing economy, the International Monetary Fund (IMF) has promised to give the nation $940 million<\/strong><\/a><\/span>.<\/p>\n