Landmark Eurobond is recognition of credible economic management – Gov & # 39; t

Minister of Information, Kojo Oppong Nkrumah

The government has described the recent oversubscription of its Eurobond as a vote of overwhelming confidence in Ghana's economic recovery and recognition of the credibility of Ghana's economic management team..

the At the closure yesterday in London, the euro bond of an amount of 3 billion USD received orders totaling 21 billion USD, about seven times more than the amount needed, an evolution which, according to the government, reflects growing global confidence in Ghana's economic resilience.

At a press conference today in Accra, the Minister of Information, Kojo Oppong Nkrumah, said that the successful issuance of this bond testified to the confidence of global investors in Ghana's ability to generate high returns and service obligations.

"With 21 billion euros, it's the highest dollar bill ever issued for bonds in sub-Saharan Africa and that's the first reason we see this as a vote of confidence in the resurgence of GhSaharanconomic, "said Oppong Nkrumah.

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"The second is this, Such success at a time when Ghana is coming out of the IMF this year proves that the global investor community is convinced that the leaders of the economy are on a path of irreversible stability …

"The third reason we say that it's a vote of confidence is this, this historic broadcast recognizes the credibility of the economic management team that led Ghana to a success the completion of the IMF program that derailed under the former NDC administration ".

He said the proceeds of the show would be used for budget support such as infrastructure and carrying out initiatives generating growth.