Tuesday, August 20, 2013

IFC Obtains Consent for Local-Currency Bond Program Supporting Ghana’s Capital Markets

IFC, a member of the World Bank Group, has obtained consent from the Securities and Exchange Commission-Ghana and the Ghana Stock Exchange to regularly issue cedi-denominated bonds in Ghana. The consent enables IFC to issue Cedi bonds when market opportunities align with funding needs, supporting local capital markets and increasing access to local-currency finance for the private sector.
The bonds will be issued under the IFC Pan-African Domestic Medium-Term Note Programme, launched in May 2012 to facilitate regular bond issuances by IFC in the region. The program currently includes Botswana, Ghana, Kenya, Namibia, Rwanda, South Africa, Uganda, and Zambia.

Source:GSE

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