New York Sept. 11, 2014 - Ghana has priced and will issue its third Eurobond of US$1.0 billion at a coupon rate of 8.125. The bond was oversubscribed with orders reaching up to US$3 billion. Like the two previous issues, this year’s bond attracted investors from Europe, the United States, Middle East and Asia. The bond is a soft amortizing bond, amortising in years 2024, 2025 and 2026 with principal repayment in three instalments of US$333 million in years 2024 and 2025, and US$334 million in 2026.
The Government of Ghana has taken note of the recent stories in the international and local media regarding its decision to open negotiations with the International Monetary Fund for assistance. While we appreciate the continuing interest of the media in Ghana's affairs, we wish to correct a few basic errors of fact in these stories.