Govt begins key stakeholder consultations ahead of June bonds issue

Managers of Ghana’s economy have began engaging investors, fund managers and  financial institutions outside the country ahead of a planned Eurobond issue slated for June this year.

The move has already taken the government to  London, other European cities and  to the US.

The government will not be seeking to raise funds during this road show.

It is testing the market to ascertain expectations before the bonds issue  which is expected to kick off by June ending.

Ghana is hoping to raise about  one billion dollars to finance debts that are maturing and to finances some projects  outlined in the 2015 budget.

According to Deputy  Minister of Finance, Mona Quartey, the government is likely to settle on Barclays, Standard Chartered Bank and Deutsche Bank  for advice on the June bonds issue.