Ken Ofori-Atta, Ghana’s Finance Minister, has been awarded the prestigious African Finance Minister of the year at the Annual African Development Bank (AfDB) Meeting in Busan, South Korea.
The award follows Ghana’s recent macroeconomic performance. Recognised as Africa’s most results-oriented Finance Minister, Ken Ofori-Atta’s prudent economic management has boosted confidence and optimism in Ghana’s economy – hauling it out of a deeply pessimistic economic outlook from a little over a year ago.
Investor confidence in Ghana has been bolstered with the country’s strong showing in its recent bond issuance, which raised US$ 2.0bn in 10-year and 30-year Eurobonds of $1.0bn each.
The bond was four times over-subscribed, registering over US$8bn in offers received. This is the first time a sub-Saharan country with a ‘B-’ has priced a sovereign bond at such levels.
Speaking to the media earlier this year, Ken Ofori-Atta was enthused about how the New Patriotic Party (NPP) government had improved the economy of Ghana.
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