News:
September 25, 2018
Finance Minister Ken Ofori-Atta has hinted of government’s plans to restructure the country’s economy by issuing a $ 50billion century bond.
He expressed optimism that the century bond will continue to strengthen the falling cedi in an interview with journalists and added that government is exploring several means to stabilize the currency.
“For now, we are structuring what we call the century bond of $50 billion dollars and a successful century bond will then make everybody pretty, comfortable about the future of our needs infrastructure and the foreign exchange we need, so that we have more stability”.
Again as we begin to see the realization of industrialization that means that something like food, which we used to import about $2.4 billion a year, we will begin to cut down on that and it is a lot of savings.
He was positive that measures being implemented by the government will lead to the development of the economy in the coming months.
By: Kwaku Sakyi-Danso/ghanamps.com