A panel of investors and banks has ruled Ghana’s missed coupon payments on its foreign denominated bonds counts as a failure-to-pay event, paving the way for a payout of the default-insurance contracts tied to the country’s debt.
Category: Capital Market
Ghana: Bond Market Declines 52.50% in Market turnover in February 2023
Accra, Ghana//-The bond market declined by about 52.50% year-on-year in market turnover in the month of February 2023.
South Africa’s FirstRand Writes-off 57% of Ghana Bonds Value Amid Debt Restructuring
FirstRand Limited, Africa’s biggest bank by market capitalization, has written off more than half the value of its holdings of Ghanaian bonds as the country grapples with a restructuring of its sovereign debt.
Can Islamic Bonds Ride on the Coattails of Green Bonds in Africa?
The Abuja National Mosque receives thousands of worshippers. Just three minutes away, down Constitution Avenue, is the headquarters of the Nigerian Securities Exchange Commission (SEC).
Are African Stock Exchanges Fit For Purpose?
After more than 10 years in the City of London, Aly-Khan Satchu returned home to Kenya. The straight-talking former trader worked for financial powerhouses such as Credit Suisse First Boston, Sumitomo Finance International and ANZ Investment Bank.
DDEP: Leave Our Pensioners Alone – Speaker Tells Finance Minister
Accra, Ghana//-The Speaker of Parliament, Alban Bagbin has asked the Finance Minister, Ken Ofori-Atta, not to touch monies belonging to pensioners.
DDEP: Gov’t Grants 3-day Administrative Window For Bondholders to Complete Processes
Accra, Ghana//-The Government of Ghana has announced an administrative window for bondholders to complete processes for tendering their bonds.
SA: Vantage Capital Announces the Final Close of its 4th Mezzanine Fund
Johannesburg, South Africa//– Vantage Capital, Africa’s largest mezzanine fund manager, announced today the successful final close on its fourth mezzanine fund.
Crown Agents Bank: A Falling King Dollar Signals a Reprieve for Emerging Markets
Emerging markets (EMs) always get hit the hardest when it comes to fluctuations in the USD – so Crown Agents Bank is uniquely positioned to share some key insights around the impact not just in the US and larger markets, but further afield.
Report of Technical Committee on Exclusion of Individual Bondholders from Debt Exchange Programme Out
Accra, Ghana//-Read the full report of the Technical Committee that sat on the exclusion of Individual Bondholders from the Domestic Debt Exchange (DDE) programme.