Gov't secures Parliamentary approval to issue $1bn Eurobond

Government is hoping to use proceeds of the bond to finance debts that are maturing and finance projects outlined in the budget.

  • Published:
James Avedzi play

James Avedzi

24/7 Live - Subscribe to the Pulse Newsletter!

Government has secured the green light from Parliament to go ahead with the processes to issue a 1 billion dollar Eurobond from second quarter of this year.

Government is hoping to use proceeds of the bond to finance debts that are maturing and finance projects outlined in the budget.

James Avedzi, Chair of Parliament's Finance Committee, told Joy Business the Committee would demand from the Finance Minister how the bond would be disbursed, so that it can also “report to Parliament that this is how the Eurobond was disbursed or used”.

He also said the Finance Ministry would be impressed upon to publish the list of items financed by the Eurobond to clear any doubt.

Meanwhile, government is likely to settle on Barclays, Stanchart and Duetsche bank as transaction advisors for the Eurobond.

“We shouldn’t do it for just issuing sake, it must be in season, it must be the right timing to get the right price and to ensure the success of the issue,” Mona Quartey deputy Finance Minister told Joy Business.

H/T - myJoyOnline.com

Recommended Articles

Recommended Videos





Top Articles

1 Xenophobia Eighteen Ghanaians rescued from xenophobic attacksbullet
2 List Here are the NDC staffers who purchased state cars at the presidencybullet
3 Revealed! Leader of assault on police officer at Flagstaff House...bullet
4 NPP Government Ghana Post gets new MDbullet
5 Tragic Investigation launched into suicide committed by KNUST...bullet
6 Disaster Fire guts tanker yard at Ashaiman; 7 feared deadbullet
7 La Gas Explosion Mahama mourns with Alan Kyeremantenbullet
8 Tragic KNUST student commits suicide over exam resultsbullet
9 Watch Fufu is killing Africans - Pastor Mensa Otabilbullet
10 Ashaiman tanker yard fire Fuel siphoning cause of fire...bullet

Top Videos

1 Health Alert Fufu is killing Africans - Mensah Otabilbullet
2 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
3 Video Police officer attacked at Flagstaff Housebullet
4 Meet "The Beast" President Obama's Cadillac that's more tank than carbullet
5 Night Life Some taxi drivers and their night driving experiencesbullet
6 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
7 Ashiaman This is what being a market queen is aboutbullet
8 Refugee Ghanaian to lose fingers after 7-hour trek to...bullet
9 Video Taxi driver terrified after an encounter with a ghostbullet
10 Meet Aisha the female mate who aspires to be a driverbullet

News