2012 newsletter click here - Ghana

V O L U M E 2 I S S U E 3
Ghana, Kosovo Establish Diplomatic Relations
The Government of Ghana and
the Government of the Republic
of Kosovo signed a joint communique
on the establishment of
Diplomatic Relations between the
two countries.
The Agreement was signed at the
Embassy of Ghana in Washington
DC by Ghana’s Ambassador
to the
United States, His
Excellency Daniel
Ohene Agyekum
and His Excellency
Akan Ismaili, Kosovo’s
Ambassador to
the United States for
their respective
countries.
The Agreement expressed
a mutual desire by Ghana
and Kosovo to establish and
promote ties of friendship between
them and widen horizons
of mutual cooperation. Both
countries pledged to support the
cause of international peace and
security.
P A G E 5
The diplomatic relations established
was in accordance with the
Vienna Convention on Diplomatic
Relations of 1961, where two
countries agree to strengthen
fruitful cooperation in political,
economic, trade and cultural
sphere and in other fields of mutual
interest.
Ghana and Kosovo also reaffirmed
their commitment to the
principles of the United Nations
and International law including
mutual respect for national sovereignty,
territorial integrity and
non-interference of internal affairs
of another state.
Government Five Year-Bond Over-Subscribed By Over 200%
The Ministry of Finance and Economic Planning have announced that the Government of Ghana’s five-year
bond to raise money to fund various infrastructural projects was oversubscribed by more than 200 percent.
The Government exceeded its proposed amount of 300 million GHC and recorded a 1,070 million GHC, generating
an oversubscription of 257 percent.
A statement issued by the Ministry of Finance and Economic Planning said “Government accepted 898 million
cedis at a coupon rate of 23 per cent. This represents a decrease of three per cent from the coupon of the
last five year issue. It is significant to note that about 80 per cent of the bids came from foreign investors”.
The Minister of Finance and Economic Planning stated that the huge foreign investor participation in the auction
was an indication of the confidence investors have in Ghana’s budding economy.