{"id":8420,"date":"2024-10-04T10:11:31","date_gmt":"2024-10-04T10:11:31","guid":{"rendered":"https:\/\/www.fishfmonline.com\/?p=8420"},"modified":"2024-10-04T10:11:34","modified_gmt":"2024-10-04T10:11:34","slug":"we-are-back-to-capital-market-after-restructuring-13bn-eurobond-debt-finance-minister","status":"publish","type":"post","link":"https:\/\/www.fishfmonline.com\/?p=8420","title":{"rendered":"We are back to capital market after restructuring $13bn Eurobond debt \u2013 Finance Minister."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Minister of Finance, Dr. Mohammed Amin Adam has indicated that Ghana is back on the international capital market, following the successful conclusion of the $13 billion Eurobond debt restructuring.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Addressing the press in Accra, Dr Adam described the development as a positive turn that will accelerate Ghana\u2019s financial position in the international market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are back to the capital market. With this conclusion, our Eurobonds are going to start trading the very day we set off,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He announced that the government is considering other factors before borrowing from the capital market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThat is a decision we are yet to make, and so in due course, we will announce to the world when we will take additional debt,\u201d he stressed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ghana completes Eurobond debt restructuring.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ose-youtube ose-uid-4694bcadd93e62ac135739dae3b69e80 ose-embedpress-responsive\" style=\"width:400px; height:400px; max-height:400px; max-width:100%; display:inline-block;\" data-embed-type=\"Youtube\"><iframe loading=\"lazy\" allowFullScreen=\"true\" width=\"400\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/bXGk-miHAt4?feature=oembed&color=red&rel=0&controls=1&start=&end=&fs=0&iv_load_policy=0&autoplay=0&mute=0&modestbranding=0&cc_load_policy=1&playsinline=1\" frameborder=\"0\" allow=\"accelerometer; encrypted-media;accelerometer;autoplay;clipboard-write;gyroscope;picture-in-picture clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen referrerpolicy=\"origin\"><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Ghana made significant participation from investors in the Eurobond Debt Exchange Programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The development could help Ghana pass the third review being undertaken by the International Monetary Fund (IMF) mission currently in the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It could also help Ghana in fast-tracking the process of its debt reaching sustainable levels by 2028.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Background<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2022, Ghana faced significant challenges due to the Covid-19 pandemic and the Russia-Ukraine conflict.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These events led to a substantial fiscal deficit and unsustainable debt levels, which in turn eroded international investor confidence in the nation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consequently, Ghana found itself cut off from access to international capital markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Finance, Dr. Mohammed Amin Adam has indicated that Ghana is back on the international capital market, following the successful conclusion of the $13 billion Eurobond debt restructuring. Addressing the press in Accra, Dr Adam described the development as a positive turn that will accelerate Ghana\u2019s financial position in the international market. \u201cWe [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[9,41],"tags":[886,2753],"class_list":["post-8420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-general-news","tag-dr-mohammed-amin-adam-2","tag-eurobond"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8420"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8420\/revisions"}],"predecessor-version":[{"id":8423,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8420\/revisions\/8423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/8422"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}