• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Government requests Parliamentary approval to issue $3 billion Sovereign bond in Q1 2021 budget presentation

5 years ago
in Economy, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
Finance Minister - norvanreports

Finance Minister - norvanreports

133
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The Government of Ghana (GoG) has requested Parliamentary approval for the issuance of a $3 billion Sovereign Bond next year.

The issuance of the $3 billion Sovereign Bond according to the Finance Minister, Ken Ofori Atta, will likely be increased to $5 billion if market conditions prove to be favourable.

“We plan to source funds from the international capital market which will comprise the issuance of sovereign bonds of $3 billion with the option to increase it to $5 billion should market conditions prove favourable,” said the Finance Minister in his presentation of the Expenditure in Advance of Appropriation Budget to Parliament on Wednesday.

According to the Minister, funds raised from the issuance of the Sovereign Bond will be used for liability management as well as to support the 2021 budget.

“Out of the amount raised, $1.5 billion will be used to support the 2021 budget and the remaining $3.5 billion used for liability management,” he stated.

Government’s request to once again go to the international capital market – GoG issued a $3 billion Eurobond in February this year – with its $3 billion Sovereign Bond with the option to increase it further to $5 billion if market conditions prove favourable is worrying, given the current debt stock of the country, as it will further worsen the already burdening debt stock.

Ghana’s current debt stock is 68.3 per cent of Gross Domestic Product (GDP) and projected to reach 76.7 per cent of GDP by the end of this year.

RelatedPosts

Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth – Prof Lord Mensah

GSE Composite Index Declines as Market Capitalisation Falls to GH¢168.02bn

European Football’s Power Shift: The Rise of the EFC

The Minister for Finance in the presentation of the Expenditure in Advance of Appropriation Budget for the first quarter of 2021, also noted that Government will need some Ghs 27.4 billion to finance its expenditure for the first 3 months of the 2021 fiscal year.

Source: norvanreports
Tags: Expenditure in Advance of Appropriation BudgetFinance MinisterInternational Capital MarketParliamentSovereign Bond
No Result
View All Result

Highlights

Atlantic Lithium Discovers New High-Grade Spodumene Pegmatite Occurrences in Côte d’Ivoire

UEFA Champions League Matchday 3: Key stats and what to look out for in every game

GPL: Gold Stars ends Heart of Lions’ Unbeaten run as Karela hold Eleven Wonders in Swedru

BudgIT Ghana Calls for Deeper Reforms Following 2024 Open Parliament Index Release

Global Economy Undergoing Profound Transformation Amid Heightened Uncertainty, Says IMFC Chair

Fitch Solutions Revises Ghana’s 2025 Growth Forecast Upwards to 4.9% on Easing Inflation and Stronger Cedi

Trending

Business

Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth – Prof Lord Mensah

October 21, 2025

Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth - Prof Lord Mensah Financial Economist and Head of...

GSE Composite Index Declines as Market Capitalisation Falls to GH¢168.02bn

October 21, 2025

European Football’s Power Shift: The Rise of the EFC

October 21, 2025

Atlantic Lithium Discovers New High-Grade Spodumene Pegmatite Occurrences in Côte d’Ivoire

October 21, 2025

UEFA Champions League Matchday 3: Key stats and what to look out for in every game

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.