Ghana raises $96.4m from first local dollar denominated bond
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Government has raised a total of 96.4 million dollars in its first local dollar denominated bond at a rate of 6.0 percent.
Government has raised a total of 96.4 million dollars in its first local dollar denominated bond at a rate of 6.0 percent.
Ghana has started exporting fuel and gas oil to the landlocked countries of West Africa, including Nigeria.
On September 28, 2016 the Executive Board of the International Monetary Fund (IMF) completed the third review of Ghana’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. Completion of the review enables the disbursement of SDR 83.025 million (about US$116.2 million), bringing total disbursements under the arrangement to SDR 332.1 million (about US$464.6 million).
Ghana plans to issue its first domestic investor only dollar bond next month in efforts to deepen the government's financing streams and bolster the local bond market, Finance Minister Seth Terkper said on Friday.