IFC Obtains Consent for Local-Currency Bond Program Supporting Ghana’s Capital Markets

IFC, a member of the World Bank Group, has obtained consent from the Securities and Exchange Commission-Ghana and the Ghana Stock Exchange to regularly issue cedi-denominated bonds in Ghana. The consent enables IFC to issue Cedi bonds when market opportunities align with funding needs, supporting local capital markets and increasing access to local-currency finance for … Continue reading IFC Obtains Consent for Local-Currency Bond Program Supporting Ghana’s Capital Markets

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GOV’T OF GHANA TO ISSUE GH¢400 MILLION 3-YEAR FIXED RATE BOND TODAY; READ TERMS

TERMS Issuer: Government of GhanaPurpose: For Government budget support and to rollover maturing debtAmount: GH¢400 millionIssue Method: Through an auction to be held on 30th May, 2013Price: The instrument shall be issued at par.Denomination: Each Bond shall have a face value of one Ghana cedi.Minimum Bid: GH¢50,000 and multiples of GH¢1,000 thereafter.Coupon: To be determined at … Continue reading GOV’T OF GHANA TO ISSUE GH¢400 MILLION 3-YEAR FIXED RATE BOND TODAY; READ TERMS

Looking at the GH 2012 Budget, the Bond way.

The 2012 Budget with the theme “Infrastructural Development for Accelerated Growth and Job Creation” was described by the Majority in Parliament as the best ever but the Minority said it was a repetition of the past budget. The Minister for Finance and Economic Planning, Dr. Kwabena Duffuor outlined in his speech, the plans for the Bond Market and that was what caught … Continue reading Looking at the GH 2012 Budget, the Bond way.