The subscription period ends Thursday, October 13, 2016, but the first ever USD-denominated domestic bond issued by government and targeted at investors resident in Ghana and Ghanaians abroad, has been well received, with bids rushing in, bookrunners have told the B&FT. “We have people calling everyday about how to get their bids in; it has … Read more
The sale of the first dollar-denominated bond for local investors begun on October 3 Government is looking at raising up to $100 million from its historic domestic dollar bond. The sale of the first dollar-denominated bond for local investors begun on October 3 and it’s expected to close on October 13, 2016. Sources say government … Read more
The stability of the Ghana cedi against the major foreign currencies, particularly the United States dollar, is expected to be sustained into the future in what is expected to bring a big relief to businesses. The positive news about the projected stability of the local currency is buttressed by the maintenance of the monetary policy … Read more
The Monetary Policy Committee (MPC) of the central bank has said it is undisturbed by perceived inflationary pressures which the Statistical Service said could result from traders hiking prices ahead of the December polls. “We haven’t seen any indication that the election is a real concern. Our surveys and even consumers tell us the economy … Read more
The Monetary Policy Committee of the Bank of Ghana has once again maintained its policy rate at 26 percent. This was arrived at the 72nd meeting of the committee after monitoring development of the economy. The rate was last increased in November 2015 during its 67th meeting. In a statement issued by the Bank of … Read more
Business Finder’s comparison of Ghana’s debut on the international capital market in 2007 when it raised US$750 million at a cost of 8.50 per cent with the recent Eurobond has revealed a struggling economy. The paper’s analysis showed that while the first bond was issued for a maturity term of 10 years at a cost … Read more
The 182-day treasury security rate decreased by two basis points to settle at 24.69 per cent. All other treasury securities maintained their respective yields at the close of the week. The government accepted all GH¢1,369.55 million worth of bids tendered at the auction held on Friday September 2, 2016. The total amount however exceeded the … Read more
A suitable environment for businesses to succeed remains an important precursor to economic growth and ultimately the improvement of living standards. At a UN forum held in 2015, UN Secretary-General Ban Ki-moon stressed the relevance of the role of the private sector in the realization of the newly-adopted SDGs which essentially support sustainable development, reduction … Read more
The Producer Price Inflation (PPI) rose to 10.3 per cent year-on-year in July 2016 from the 7.6 per cent recorded in the previous month. According to the Ghana Statistical service, the 2.7 per cent increase in the month’s producer inflation was fueled by activities in the mining and quarrying sub-sector as a result of hikes … Read more
Government’s decision to re-open a five-year GHC400million domestic bond has bolstered expectations that the cedi will from this week see one of its strongest runs amid rising pressure on the local currency in recent times. This has prompted a flurry of speculations in the market with analysts predicting that the cedi will rally strongly against … Read more