WSJ: Ghana Overseas Bond Sale Receives Modest Response

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• Hazor 12 years ago

  Yesterday we were told that Ghana's eurobond has been over suscribe above expectation.They claim over 1.2billion dollars has being sold.Now they are saying responds was very poor.Who is Mahama administration deceiving?Himself ...
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  Yesterday we were told that Ghana's eurobond has been over suscribe above expectation.They claim over 1.2billion dollars has being sold.Now they are saying responds was very poor.Who is Mahama administration deceiving?Himself or Ghaaians?How would Ghanaians respond if the president use the available money in the nation coffers 250million for his personal use without parliamentary approval and ignore workers and ministers and also using the money for already secure loan and pre-paid Atuabu gas plant.Ghanaians are not that much stupid.

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• Joy 12 years ago

  Forget about Wall Street Journal - it is appendage of the Tea Party and the Republicans, always down playing emerging markets, even including China, Brazil and India. I will not put much weight on what WSJ says!!!

  Forget about Wall Street Journal - it is appendage of the Tea Party and the Republicans, always down playing emerging markets, even including China, Brazil and India. I will not put much weight on what WSJ says!!!

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• Concerned 12 years ago

  Yes, forget what they say.
  
  Mahama, BOG, and finance minister know better and more than all these people. If they say their bond issue was the best thing the world has seen since fried fish, then that is what we should beli ...
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  Yes, forget what they say.
  
  Mahama, BOG, and finance minister know better and more than all these people. If they say their bond issue was the best thing the world has seen since fried fish, then that is what we should believe.
  
  The view that Ghana's yield on the bond is abnormally high has been echoed by the Reuters article too, as seen here. Even the World Bank report on Ghana a month back suggested that we would have challenges borrowing.
  
  Truth is most of us are not experts on bond sale/financial issues. Because of that we need to carefully listen to everything that is said, and then make a rational and clear-minded conclusion after we have heard all the points said. My belief is that this article is true, and for some reason BOJ, finance ministry is more interested in painting Ghana is the best light possible than highlighting the concerns and issues we are facing financially - this is what Ghana has always done, so no surprise there. The really sad part is that some of you are so deluded about the state of your country that you won't even CONSIDER what is being said. Let the politicians play their word games, we have to be the ones to see truth from fiction, and that won't happen if we are close-minded

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• GREAT NANA ANTWI 12 years ago

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• KERRY 12 years ago

  THESE IDIOTS SHOULD KNOW THEIR LITTLE WORLD IS CATCHING UP WITH THEM AND THEY WILL CONTINUE TO BE MINORITY AND EVENTUAL EXTINCT SOON. DR. NKRUMAH DID PUT THEM IN THEIR PLACE AND THEIR URGY HEADS WILL BE NO MORE IN AFRICA.

  THESE IDIOTS SHOULD KNOW THEIR LITTLE WORLD IS CATCHING UP WITH THEM AND THEY WILL CONTINUE TO BE MINORITY AND EVENTUAL EXTINCT SOON. DR. NKRUMAH DID PUT THEM IN THEIR PLACE AND THEIR URGY HEADS WILL BE NO MORE IN AFRICA.

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• DAN 12 years ago

  All the rich people are Republicans except for few movie stars..So they have all the money to invest! So you can bet they invested in both the 22% cedi bonds and the 8% dollar bonds

  All the rich people are Republicans except for few movie stars..So they have all the money to invest! So you can bet they invested in both the 22% cedi bonds and the 8% dollar bonds

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• GHFUO, BE SERIOUS NOT PRIDEFUL! 12 years ago

  The twin deficits mean the country is desperate for foreign financing. “The yield on offer reflects Ghana’s many risks,” said Mahan Namin, portfolio manager at Insparo Asset Management, a specialist Africa and Middle Ea ...
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  The twin deficits mean the country is desperate for foreign financing. “The yield on offer reflects Ghana’s many risks,” said Mahan Namin, portfolio manager at Insparo Asset Management, a specialist Africa and Middle East asset manager, which manages $155 million in assets. “Its current-account deficit is worrying in light of low and decreasing foreign-exchange reserves, as is its fiscal deficit. The deficit is still rising and there isn’t a clear indication of how, and when, this trajectory will change.” Namin said he prefers local-currency Ghanaian debt and equities to dollar bonds.
  THE FACT IS CORRUPTION IS GH ACHILLES HEEL. EVERYTHING IS AT A STAND STILL IN GH FINANCIALLY BCOS OF CORRUPTION, WIDESPREAD CORRUPTION IS EPIDEMIC IN ALL AREAS OF GH. NO MATTER THE SOUND ECONOMIC POLICIES YOU PUT IN PLACE. IF CORRUPTION ISNT TACKLED. IT WONT MEAN MUCH TO SOLVE THE ISSUES.

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• SKILLO 12 years ago

  " Ghana’s sale of $750 million in 10-year bonds attracted orders of over $2 billion." How is this unethusiastic or bad?

  " Ghana’s sale of $750 million in 10-year bonds attracted orders of over $2 billion." How is this unethusiastic or bad?

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• Ibn Batuta 12 years ago

  WSJ is a right wing conservative paper owned by Murdoch's. Enough said.

  WSJ is a right wing conservative paper owned by Murdoch's. Enough said.

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