Ghana heads to London for Eurobond Roadshow

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A delegation made up of officials from the Ghana government and the Bank of Ghana will arrive in London today Tuesday May 8, 2018 from the US for a Eurobond road show.

The officials are expected to meet with investors in Ghana’s quest to raise about $2 billion in 2018, the government has said.

Although it remains unclear when the government intends to issue the bond, Finance Minister Ken Ofori-Atta told journalists that the bond would be issued by middle of this year.

The current roadshow follows an earlier one embarked upon by a team led by Finance Minister to Japan to help raise Ghana’s first Samurai bond.

Government, after the trip announced that it will issue the bond in the medium term as it intends to diversify its bonds to attract low coupon rate.

Mr. Ofori-Atta stated at the time and prospects for Ghana issuing a possible Samurai bond in the medium term looked good, judging from the interaction and reception, accorded the Delegation on the Non-deal investor road show to Tokyo.

“What we sought to do was to build relationships and sensitize the market as you know, portfolio and assets managers are conservative and may want to have all the necessary assurance in place before, and this is time,” he said last month.

 

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