"Settlement of the bond is on Monday and the proceeds will be used to roll-over maturing debts and also to finance projects", Collins Antwi, deputy head of treasury at the central bank told Reuters.
THIS IS CLEARLY A S ... read full comment
"Settlement of the bond is on Monday and the proceeds will be used to roll-over maturing debts and also to finance projects", Collins Antwi, deputy head of treasury at the central bank told Reuters.
THIS IS CLEARLY A SIGN IF THE NATION AT THE CROSS-OVER TO HIPC....THEY BORROW AT A HIGHER RATE TO ROLL-OVER MATURING DEBTS!!!!!!
THE MATURING DEBTS WERE T-BILLS THAT GOV GOT AT LOWER RATES YEARS BANK!!! NOW WE CAN ONLY PAY THEM BACK BY BORROWING AT A MORE HIGHER RATE TO PAY THEM BACK!!!!!!!!!!!!!!!
IT IS SO SAD TO WATHH GHANA BECOME A FAILING STATE UNDER SUCH VERY POOR MANAGERS (NDC)!!!!!!!
NO TEARS FOR GHANA!!!!!!!!!!!!!!
Wikileaks 10 years ago
AND THE IRONY IS THAT MOST GHANAIAN VOTERS DO NOT HAVE ANY CLUE AS TO WHAT DANGEROUS PATH THE NDC IS TREADING WITH THEIR VOTES.
AND THE IRONY IS THAT MOST GHANAIAN VOTERS DO NOT HAVE ANY CLUE AS TO WHAT DANGEROUS PATH THE NDC IS TREADING WITH THEIR VOTES.
Tanko 10 years ago
What is going on in Ghana? Borrowing at 25.485 or 26% to be precise? And the Bank of Ghana displays incompetence by stating that the issue was oversubscribed?
This is a BIG signal that Ghana is in crisis!
What is going on in Ghana? Borrowing at 25.485 or 26% to be precise? And the Bank of Ghana displays incompetence by stating that the issue was oversubscribed?
This is a BIG signal that Ghana is in crisis!
Wikileaks 10 years ago
But how many Ghanaians are aware of all that? Illiteracy is a TOOL for the NDC For ,They are not Answerable to Ghanaians...Come what May. What do you Think?
But how many Ghanaians are aware of all that? Illiteracy is a TOOL for the NDC For ,They are not Answerable to Ghanaians...Come what May. What do you Think?
C.Stephen Sackey 10 years ago
If this BOG executives know what they are really doing to the Ghanaian bond market they would be dangerous.
I don't know of any asset-management company- Pimco comes to mind,which will not subscribe t ... read full comment
If this BOG executives know what they are really doing to the Ghanaian bond market they would be dangerous.
I don't know of any asset-management company- Pimco comes to mind,which will not subscribe to a whopping 25.48 Yield on a 3- Yr note.
God bless the Republic from this peanut-sized brains masquerading as guardians of Ghana's monetary. policy
KANAWU 10 years ago
GET THE MONEY FOR THE BOND NOW, BY THE TIME IT WILL MATURE, NDC WILL BE GONE AND THAT WILL A HEADACHE FOR THE GOVT. AT THE TIME.
GET THE MONEY FOR THE BOND NOW, BY THE TIME IT WILL MATURE, NDC WILL BE GONE AND THAT WILL A HEADACHE FOR THE GOVT. AT THE TIME.
Asoreba 10 years ago
You see all kinds of nonesense and blatant stupidity on display on Ghanaweb when you read comments about unnecessary stories. Articles like these, where real issues and problems can be found, attracts few comments. I think I ... read full comment
You see all kinds of nonesense and blatant stupidity on display on Ghanaweb when you read comments about unnecessary stories. Articles like these, where real issues and problems can be found, attracts few comments. I think I know why. The FOOLS who call themselves "Soldiers" cannot wrap their minds around issues like this. Oh, Ghana is DOOMED forever!!!!
Kwame (USA) 10 years ago
Brilliant observation. This is Finance and it requires compounding interests or yields . The electorate of ede be k3k3 cannot comprehend the calculations. Simply speaking, the government sells bonds with the promise to repay ... read full comment
Brilliant observation. This is Finance and it requires compounding interests or yields . The electorate of ede be k3k3 cannot comprehend the calculations. Simply speaking, the government sells bonds with the promise to repay purchasers some amount in the future determined by the interest rate. It is a form of borrowing by government. I know my comments may invite insults but that is the truth. Again, brilliant observation
DAN 10 years ago
lots banks i've heard in Ghana keep your money 1 year before they start paying interest. Why do you think all the Nigerian and now South African banks are rushing to operate in Ghana!
lots banks i've heard in Ghana keep your money 1 year before they start paying interest. Why do you think all the Nigerian and now South African banks are rushing to operate in Ghana!
KWAA 10 years ago
Are these guys thinking about posterity at all?Do they know what 25,48% intrest in three years mean to our Econmy,which is already struggling?
Why are they so desperate to borrow?For what?We don`t see any devolopement in Gha ... read full comment
Are these guys thinking about posterity at all?Do they know what 25,48% intrest in three years mean to our Econmy,which is already struggling?
Why are they so desperate to borrow?For what?We don`t see any devolopement in Ghana,yet we keep on borrowing.
What a bogus Government.
Yaw 10 years ago
Obvious indication of Financial Distress; so managers of Ghana's economy will borrow at any cost to live today and suffer tomorrow. What about the future of our kids? Even at a high yield of 25.48% investors may loose out on ... read full comment
Obvious indication of Financial Distress; so managers of Ghana's economy will borrow at any cost to live today and suffer tomorrow. What about the future of our kids? Even at a high yield of 25.48% investors may loose out on REAL VALUE at maturity considering the rapid depreciation of the Cedi and inflation. Astute investors would rather investor in something else. A sinking economy due but due to ignorance many people do not see the reality and that Ghana is on the path of FINANCIAL CRISIS
"Settlement of the bond is on Monday and the proceeds will be used to roll-over maturing debts and also to finance projects", Collins Antwi, deputy head of treasury at the central bank told Reuters.
THIS IS CLEARLY A S ...
read full comment
AND THE IRONY IS THAT MOST GHANAIAN VOTERS DO NOT HAVE ANY CLUE AS TO WHAT DANGEROUS PATH THE NDC IS TREADING WITH THEIR VOTES.
What is going on in Ghana? Borrowing at 25.485 or 26% to be precise? And the Bank of Ghana displays incompetence by stating that the issue was oversubscribed?
This is a BIG signal that Ghana is in crisis!
But how many Ghanaians are aware of all that? Illiteracy is a TOOL for the NDC For ,They are not Answerable to Ghanaians...Come what May. What do you Think?
If this BOG executives know what they are really doing to the Ghanaian bond market they would be dangerous.
I don't know of any asset-management company- Pimco comes to mind,which will not subscribe t ...
read full comment
GET THE MONEY FOR THE BOND NOW, BY THE TIME IT WILL MATURE, NDC WILL BE GONE AND THAT WILL A HEADACHE FOR THE GOVT. AT THE TIME.
You see all kinds of nonesense and blatant stupidity on display on Ghanaweb when you read comments about unnecessary stories. Articles like these, where real issues and problems can be found, attracts few comments. I think I ...
read full comment
Brilliant observation. This is Finance and it requires compounding interests or yields . The electorate of ede be k3k3 cannot comprehend the calculations. Simply speaking, the government sells bonds with the promise to repay ...
read full comment
lots banks i've heard in Ghana keep your money 1 year before they start paying interest. Why do you think all the Nigerian and now South African banks are rushing to operate in Ghana!
Are these guys thinking about posterity at all?Do they know what 25,48% intrest in three years mean to our Econmy,which is already struggling?
Why are they so desperate to borrow?For what?We don`t see any devolopement in Gha ...
read full comment
Obvious indication of Financial Distress; so managers of Ghana's economy will borrow at any cost to live today and suffer tomorrow. What about the future of our kids? Even at a high yield of 25.48% investors may loose out on ...
read full comment
you can bet China bought lots of those bonds
or better for the investors!