Vice President, Dr Mahamudu Bawumia has congratulated Finance Minister, Ken Ofori-Atta for winning the “Best Finance Minister in Africa” award and also being selected as Chair of the Development Committee of the World Bank at the recent World Bank/IMF meetings in Washington D.C.
In a Facebook post, Dr. Bawumia said Ghana has achieved remarkable macroeconomic stability and growth under the watch of Mr Ofori-Atta.
Recognised as Africa’s most results-oriented Finance Minister, Mr 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.