Prime News Ghana

Govt. to commence road show for energy bond tomorrow

By Sam Edem
Finance Minister - Ken Ofori Atta
Finance Minister - Ken Ofori Atta
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The government of will tomorrow - Thursday, 19th October, 2017 begin commence a road show for the proposed energy bond.

The bond which is expected to raise US$2.5 billion or Ghc10 billion will be used to clear the huge energy sector debt that has greatly affected the country’s economic growth.

The road show will kick-off at London, UK on Thursday followed by another one in Accra on Monday the 23rd of October, 2017.

Earlier, the government through the Ministry of Finance disclosed that the US$2.5 billion bond which will be auctioned in fragments of two or three beginning with a will start with a Ghc 6 billion or US$1.3 billion.

Although the road show could well be considered one of the final processes before the issuance of the energy bond as it involves talking to potential local and foreign investors, government is yet to issue conclusive date for the issuance: a development that continually keeps most stakeholders in both the energy and financial sector (particularly those affected by the energy sector debts) anxious about their fates.