The Finance Minister Seth Terkper has revealed that Ghana has to pay 200 million dollars in order to finish paying its 2007 Eurobond.
At a press conference in Accra Terkper said the strategy adopted by the country in refinancing the bond has helped provide some financial space for government’s fiscal policies.
Terkper said the Sinking Fund that they set up has helped in refinancing the Eurobond. The Sinking Fund, that will allocate some funds to refinance the bond.
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He added that this move has given government an opportunity to still have some cash in the fund to buy back anytime investors want to trade their shares in the bond.