Author: citibusinessnews
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Gov’t secures US$3 billion Eurobond at cheaper rates
A delegation led by the Finance Minister Ken Ofori-Atta on Tuesday, February 4, 2020, completed the issuance of a US$3 billion Eurobond in three installments with interest rates better than what was realized in similar bonds issued last year. The three-tranche bond was sold with 7-year, 14-year, and 41-year maturities. A member of the delegation…
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Ghana set to issue longest ever Eurobond at 41-years
The government’s planned US$3 billion Eurobond will be done in three tranches at three different maturity periods with the longest being a 41-year bond. The 41-year bond thus becomes the longest-dated bond ever issued by an African country trumping the 31-year bond the government issued at its last Eurobond appearance in 2019. In addition to…
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![The ultimate productivity hack is saying no [Article]](https://citibusinessnews.com/wp-content/uploads/2020/02/Say-No.jpg)
The ultimate productivity hack is saying no [Article]
Next week you’re going to enjoy either of the two articles I’m cooking up. One on ‘Bankruptcy Of Goodwill’ and another on ‘The Economics of an Epidemic’, obviously because of the Coronavirus global outbreak. I prefer spot pieces for the Macroeconomic Bulletin. Yet, this week I have begun work on all of February’s articles at…
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Ghana to accept bids for US$3 billion Eurobond today
Ghana will today, Tuesday, February 4, accept bids from investors for its US$3 billion Eurobond after the successful completion of a week-long roadshow in Europe and the United States. A government delegation led by the Finance Minister, Ken Ofori-Atta, brought their roadshow, which had seen them interact with investors from Europe and North America, to…
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Bank of Ghana to start buying gold locally to shore up its reserves
The Bank of Ghana says it will soon begin the purchase of gold from small scale mining firms as part of the bank’s plans to shore up part of its reserves which is held in gold. Governor of the central bank, Dr. Ernest Addison, speaking at the MPC press briefing last Friday stated that the…
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Shea butter processors in West Mamprusi get buyers after Citi Business News report
A report by Citi Business News highlighting the plight of some women in the North East Region whose processed shea butter was going to waste due to lack of buyers has paid off. The processed shea butter at Loagri, near Walewale, have all been purchased by a buyer who reached out to Citi Business News…
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Former GIPC boss George Aboagye passes on
George Aboagye, a former Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), has died at the Cape Coast Regional Hospital in the Central Region following a short illness. He served as the CEO of the nation’s investment promotion agency under the Mills’ administration between 2009 and 2012. He was to have turned 70…
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Bloomberg ranks cedi as best performing currency in the world against the dollar
Bloomberg has adjudged the Ghana cedi as the best performing currency against the US dollar among the 140 currencies it currently tracks. According to Bloomberg, the local cedi has so far appreciated by 3.4 percent against the dollar as at Monday, February 3, 2020. The fortunes of the cedi look even brighter considering the country…
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British Airways CEO visits Ghana
The Chief Executive Officer and Chairman of British Airways, Alex Cruz, has arrived in Ghana via a BA flight on a visit he says is private. The CEO is scheduled to visit Ashaiman in the Greater Accra Region where he will lead British Airways’ local NGO, Comic Relief, to make a donation to another local…
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Bank of Ghana named Central Bank of the Year
The Bank of Ghana has been recognised by the Central Banking Awards as the Central Bank of the Year following measures it pursued in a bid to ensure a strong financial sector via a raft of reforms implemented over the past two years. The awards, which will be held on March 19, 2020, in Brussels,…