Business News of Friday, 29 May 2020Source: GNAGovernment receives GH¢5.5 billion first installment of COVID-19 Relief BondFinance Minister, Ken Ofori-AttaThe Bank of Ghana has released an amount of GH¢5.5 billion as first tranche of the GH¢10 billion of the COVID-19 Relief Bond, Finance Minister Ken Ofori-Atta announced in Parliament in Accra on Thursday. In a memo to the House, the Minister said, the programme, launched earlier by the Government of Ghana is to trigger the emergency financing provision as result of challenges brought on by COVID-19 pandemic. The GH¢ 5.5 billion first installment of the bond was released on May 15, 2020. “Therefore financing the residual gaps would not only significantly increase interest rates but would be counterproductive by denying the private sector access to cheaper sources of financing,” the Minister said. Send your news stories to and via WhatsApp on +233 55 2699 625.

Source: GhanaWeb May 29, 2020 17:19 UTC