The Minister for Finance, Mohammed Amin Adam, has announced that Ghana will invite investors in the country’s Eurobonds, covering an estimated national debt of US$30 billion, to exchange their bonds for reissued ones in the coming days.
Amin Adam stated that the move is a crucial step in reorganizing Ghana’s debt during a monthly economic update on Thursday, August 29.
“The completion of the debt exchange will pave the way for a normalisation of our relationship with the bond market,” Amin Adam said.
The Minister added that the exchange would last for 21 days.
Amin Adam stated, “We expect all bondholders to fully participate in the offer,” Amin Adam said.
He stated that he anticipated the exchange’s launch next week.
To overcome the country’s most recent economic challenges, it has been restructuring its debt of US$30 billion.
Addressing the Media, the Minister also indicated that,
“The fiscal consolidation programme is progressing smoothly as we continue to reign in our public finances towards achieving fiscal and debt sustainability”.
Present at the programme was the Minister for Food and Agriculture, Hon. Bryan Acheampong(MP), Deputy Minister for Finance, Hon. Dr Alex Ampaabeng, Deputy Minister for Information, Hon. Sylvester Tetteh (MP), Chief Director, Ms. Eva Mends and Other Directors and Staff from the Ministry of Finance.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
