Ghana Finance Minister on Eurobond Issue, Gold Mining Fund IPO

The video discusses Ghana's issuance of a Eurobond, which was oversubscribed five times, indicating strong market support. The Finance Minister, Ken Ofori Atta, talks about the impact of the coronavirus on commodities and bond issuance. He addresses concerns about Ghana's debt to GDP ratio and outlines strategies for economic diversification and revenue mobilization. The video also covers the costs of banking sector cleanup and plans for an IPO of the Gold Mining Royalty Fund.

What was the outcome of Ghana's recent Eurobond issuance?

• It was undersubscribed.

• It was five times oversubscribed.

• It met the expected subscription level.

• It was canceled due to low interest.

How did the coronavirus outbreak affect Ghana's bond issuance strategy?

• It resulted in a decrease in investor confidence.

• It had no impact on bond issuance plans.

• It caused a delay in bond issuance.

• It led to an increase in bond issuance.

What is Ghana's debt-to-GDP ratio after accounting for specific restructuring efforts?

• 63%

• 59%

• 58%

• 65%

What is the expected growth rate of Ghana's non-oil sector?

• 3.5%

• 5.4%

• 7.2%

• 4.8%

What is the target amount for the IPO of Ghana's gold mining royalty fund?

• $750 million

• $1.5 billion

• $1 billion

• $500 million

What is the current revenue-to-GDP ratio for Ghana compared to its peers?

• 12.5% compared to 18%

• 15% compared to 20%

• 18% compared to 25%

• 10% compared to 15%

What strategy is Ghana employing to broaden its tax base?

• Introducing new taxes

• Reducing government spending

• Implementing a national identification drive

• Increasing tax rates