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Fidelity, StanChart picked for Energy sector bond – Starr Fm

Government has appointed Fidelity and Standard Chartered banks as lead managers for the issuance of the Energy Sector Levy Act (ESLA) bond. The two banks are expected to raise GHS10 billion. They were selected after evaluating 10 proposals received in response to the Request for Proposals. As part of …

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Be silent if you can’t praise – Ofori-Atta to Minority – Starr Fm

Finance Minister Ken Ofori-Atta has hit hard at the minority members of parliament over their crusade against issuance of $2.25 billion bond. The Minister is admonishing the National Democratic Congress MPs to cease bad mouthing the deal if they cannot acknowledge government’s genuine efforts at fixing the “broken” economy. …

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We won’t be intimidated – Minority – Starr Fm

The Minority in Parliament has vowed to continue its crusade for full disclosure of circumstances leading to the issuance of the $2.25 billion bond by government, noting they will not be cowed by constant description of being ignorant. Following the issuance of the bond in April, the Minority called …

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Minority cries out of ignorance – Ofori-Atta – Starr Fm

Finance Minister Ken Ofori-Atta has maintained that the $2.25billion bond issued by the government in April was done transparently without any “breaches of integrity.” The Minority at a press conference following the issuance of the bond accused government of wrongdoing and Mr. Ofori-Atta of conflict of interest and insider trading. …

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Minority scaring away investors – Ofori Atta – Starr Fm

Finance Minister Ken Ofori Atta has chastised the minority in parliament of scaring away investors following their insistence that the $2.25billion bond issued by government was done in secrecy. The Minority at a press briefing on April 18 accused government of wrongdoing in the issuance of the bond accusing …

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Minority’s bond crusade won’t affect economy – Ayariga – Starr Fm

The Member of Parliament for Bawku Central Mahama Ayariga has parried claims the minority’s crusade for full disclosure in the 2.25 billion dollars bond saga will negatively affect Ghana’s economy. The Minority has accused the government  of wrong doing in the transaction blaming the finance minister Ken Ofori-Atta of conflict …

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Ofori-Atta given 7 days to brief MPs on $2.25bn bond – Starr Fm

Parliament has ordered  Finance Minister Ken Ofori Atta  to furnish the House with information regarding the issuance of the 2.25 billion dollars bond within a week. The order is at the behest of the Minority who have maintained the issuance of the bond is shrouded in secrecy. They have …

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Gov’t searches for transaction advisor – Starr Fm

Government has begun the search for transaction advisor for the $2.5 billion energy bond it intends issuing soon. The shortlisted firm is expected to advise government for six month. The transaction advisor is expected to facilitate the processes leading to the issuance of a Cedi denominated long-term bond to …

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Group petitions Akufo-Addo to form SEC board to probe $2.24bn bond – Starr Fm

A group by name Dynamic Youth Movement of Ghana (DYMOG), has appealed to the President, Nana Akufo-Addo to exercise his legal mandate under Chapter 8 of the 1992 Constitution by appointing members to form the Security and Exchange Commission (SEC) Board within 15 working days. Speaking at a Press …

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Minority petitions US Exchange Commission over $2b bond – Starr Fm

The Minority in Parliament has petitioned the Security and Exchange Commission of the United States over the controversial US$2.25 billion bond issued by the Finance ministry in April. The Minority in a statement said they hope their petition will lead to an investigation in their claim of conflict of …

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