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Ghana to issue first Green Bond

The Finance Ministry is in discussions with the African Development Bank towards the issuance of the country’s first green bond. The bond would raise funds which would be dedicated to climate-mitigation, adaptation and other environmentally friendly projects. If this goes through, Ghana will be the first in the sub-region to …

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IMF unreasonable – Kwaku Kwarteng – Starr Fm

A Deputy Minister for Finance Kwaku Kwarteng has described the International Monetary Fund as unreasonable following the Bretton Wood institution’s concerns over the undersubscribed Energy bond floated by the government. The attack was made on GHOne television hours after the deputy minister had told Morning Starr host Francis Abban that …

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IMF not God – Government – Starr Fm

The deputy minister for Finance Kwaku Kwarteng has dismissed a suggestion from the International Monetary Fund that the government should have issued a Vanilla bond and not a bond through a Special Purpose Vehicle (SPV). “In the view of the IMF, the government should have issued a “Vanilla bond” not …

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Petitions will deepen investor confidence – Ayine to IFS – Starr Fm

A former deputy Attorney General and Minster of Justice Dr. Dominic Ayine has poopooed warnings by the Institute of Fiscal Studies (IFS) that the minority’s insistence of insider-trading and conflict of interest in the issuance of the $2.25 billion bond could spell doom for the country’s economy. The Minority …

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Minority’s multiple petitions dangerous – IFS – Starr Fm

The Institute of Fiscal Studies (IFS) has expressed worry over the Minority’s insistence that there was insider-trading and conflict of interest in the issuance of the $2.25 billion bond by government in April. The IFS is warning the Minority’s multiplicity of petitions to foreign Securities and Exchange Commissions over …

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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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