The government of Ghana in its 2021 budget indicated that it plans to raise up to $5 billion in the international capital markets this year. During the first quarter, the government successfully raised $3 billion in Eurobonds including its first zero coupon bond as part of the issuance.
The Bank of Ghana’s Monetary Policy Committee has kept its policy rate unchanged at 13.5% citing an increase in public debt stock and inflation.
Ghana’s economy recorded a growth rate of 3.1 per cent year-on-year in the first quarter of 2021 compared with 7 per cent in the same period last year.
The year-on-year inflation rate for March 2021 was unchanged at 10.3 percent.
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