Speaking to reporters in Tokyo during a finish of a highway show, Mr Ofori-Atta explained that a non-deal highway uncover was not tied to a distribution of a Samurai bond immediately.
“What we sought to do was to build family and stimulate a market, as we know, portfolio and item managers are regressive and might wish to have all a required declaration in place before – and this takes time”.
Ghana’s Parliament in Mar gave capitulation for supervision to emanate a 5th Eurobond that distribution is designed for a second entertain of a year.
Mr Ofori-Atta pronounced going forward; supervision would work on nutritious and improving macroeconomic indicators to urge Ghana’s credit rating, that is rated by Fitch, Moodys, and Standard and Poors during B, B3, and B- respectively.
Indications are that intensity Yen issuers like Ghana should have during slightest a double B rating by a rating agencies before they can acquire a Japan Bank for International Cooperation (JBIC) guarantee, a pre-requirement for Samurai bonds.
He pronounced it was critical during this theatre to stimulate a marketplace about prospects in Ghana and demeanour for partnership in a private zone as Ghana is dynamic to couple any destiny Samurai bond deduction to specific immature projects in appetite (solar) ride (Tema Metro rail) and other transformational projects in telecommunication, construction etc.
The Ghanaian delegation, that was in Tokyo for a week’s revisit met with several item and portfolio managers, bankers and investors. They also met supervision officials to strengthen and draft a new march for shared mercantile and trade relations.
These enclosed meetings with Taro Aso, Vice Prime Minister and Minister for Finance; State Minister for Foreign Affairs, Mr. Masahisa Sato and Mr. Hiroshi Kato, Senior Vice President of JICA.
The weeklong revisit finished with an Investment Seminar that captivated over 150 heading Japanese businesses from all over a nation as good some companies from Ghana. The convention was organized by Japan External Trade organization (JETRO), a Ghana Investment Promotion Centre, and a Ghana Embassy in Tokyo.