The government has described the recent oversubscription of its Eurobond as an overwhelming vote of confidence in Ghana's economic resurgence and a recognition of the credibility of Ghana's economic management team
Addressing a press briefing today in Accra, the Minister of Information, Kojo Oppong Nkrumah said the successful issuance of the bond signifies the faith global investors have in Ghana's ability to churn out strong returns and service obligations.
"At 21 billion, this is the highest-ever dollar note issued for bonds in sub-Saharan Africa and that is the first reason why we consider this as a vote of confidence in GhSaharanconomic resurgence," Mr Oppong Nkrumah said.
"The second is
"The third reason for which we say this is a vote of confidence is
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He said the proceeds of the issuance will be utilised for budgetary support such as infrastructure and the delivery of growth driving initiatives.