Business News of Tuesday, 9 March 2021Source: www.ghanaweb.comGhana commences process for US$5 billion 2021 ICM funding programmeFinance Minister designate, Ken Ofori-AttaGovernment through the Ministry of Finance has commenced processes for the 2021 International Capital Market (ICM) Funding Programme. The US$5 billion funding under the programme, when finalized, would be used to support growth-oriented expenditures in the 2021 budget and to conduct liability management of both domestic bonds and Eurobonds. A statement issued by the Ministry of Finance on Tuesday, March 9, 2021; further explained that Government is in the process of mandating Bank of America, Citi Bank, Rand Merchant Bank, Standard Chartered Bank and Standard Bank as Lead Managers under the Programme. Instruments under the ICM Programme consist of Eurobonds, Diaspora Bonds, Sustainable Bonds, and Syndicated/Bridge Loans. Read the full statement below:

Source: GhanaWeb March 09, 2021 12:45 UTC