Ghana’s Eurobonds spreads have started to tighten across the yield curve, as investors have reposed confidence in the Ghanaian economy, Charles Adu-Boahen, Minister of State at the Finance Ministry, has stated.
From Thursday 20th January 2021 to Monday 24th January 2021, senior officials from the Ministry of Finance and the Bank of Ghana embarked on a Non-Deal Investor Roadshow.
The roadshow enabled government to engage with both offshore investors (banks and fund Managers) and onshore investors who together have assets under management in excess of $4 trillion to update them on Ghana’s recent economic performance and outlook. The engagements also provided the opportunity for government to respond to questions or concerns.
Mr. Adu-Boahen said “all in all, I must say that the engagements have been largely successful and the feedback received so far from the market has been encouraging. We have observed that Ghana’s Eurobonds spreads have started to tightened across the curve, meaning that the engagement was successful and had an impact”.
“It is important, I reiterate that this engagement over the past 3-days have impacted the market positively and concerns of investors over the economy in particular, on the 2022 budget have been addressed”, he added.