• 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 Business

Gov’t to convert GHS 8.1bn Cocoa Bills with 32% yield into new bonds with 12% yield

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
148
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour

Liverpool Set to Break British Record with Alexander Isak Signing on Deadline Day

Morocco Poised to Make History as First African Qualifiers for the 2026 World Cup

Gov’t to convert GHS 8.1bn Cocoa Bills with 32% yield into new bonds with 12% yield

Sources within the Finance Ministry have revealed that Ghana is poised to convert cocoa bills worth GHC 8.1 billion into a new bond carrying a yield of 12%. This move marks a significant departure from the 32.22% yield witnessed on the last issuance of cocoa bills in February.

The conversion of cocoa bills into the new bond forms a key component of the government’s multifaceted approach to securing new terms for its outstanding domestic debt, which amounts to GHS 123 billion. This restructuring initiative is crucial for Ghana to meet the eligibility criteria and qualify for the forthcoming tranche of $600 million from the International Monetary Fund (IMF).

The country’s debt composition encompasses diverse financial instruments, including domestic dollar bonds, cocoa bills, pension funds, and amounts owed to the central bank. As part of the broader debt restructuring strategy, the government has also reached an agreement with domestic banks to convert GHC 6.9 billion worth of domestic US dollar bonds into two term loans, featuring substantially lower interest rates.

These proactive steps underscore the government’s determination to address its debt burden and enhance its financial outlook. By restructuring both cocoa bills and domestic US dollar bonds, Ghana aims to establish a more sustainable and manageable debt structure, aligning itself with IMF requirements and fostering economic stability.

The successful implementation of these debt restructuring measures will play a pivotal role in restoring Ghana’s financial health and positioning the country for long-term growth. As Ghana works towards securing more favorable terms and meeting the IMF tranche conditions, careful negotiations and prudent fiscal management will be paramount to ensure a sustainable and prosperous future.

Tags: GHS 8.1bn Cocoa BillsGov't converts GHS 8.1bn Cocoa Bills with 32% yield into new bonds with 12% yieldnew bonds with 12% yield
No Result
View All Result

Highlights

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

Wall Street Forecasts Oil in the $50s Next Year

Trending

Features

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour

September 1, 2025

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour President John Mahama has dismissed Chief...

Liverpool Set to Break British Record with Alexander Isak Signing on Deadline Day

September 1, 2025

Morocco Poised to Make History as First African Qualifiers for the 2026 World Cup

September 1, 2025

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

September 1, 2025

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

September 1, 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.