{"id":1194583,"date":"2022-08-30T10:20:35","date_gmt":"2022-08-30T10:20:35","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/08\/30\/more-woes-for-the-cedi-and-ghanas-economy-as-eurobond-matures-soon\/"},"modified":"2022-08-30T10:20:35","modified_gmt":"2022-08-30T10:20:35","slug":"more-woes-for-the-cedi-and-ghanas-economy-as-eurobond-matures-soon","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/08\/30\/more-woes-for-the-cedi-and-ghanas-economy-as-eurobond-matures-soon\/","title":{"rendered":"More Woes For The Cedi And Ghana&#8217;s Economy As Eurobond Matures Soon"},"content":{"rendered":"<p><\/p>\n<div>\n<article>\n<p><span style=\"color: rgba(0, 0, 0, 0.87);\">A leading member of Centre for Socioeconomic Studies (CSS), Albert Wotorgbui, has predicted more woes for Ghana&#8217;s economy as he reveals the maturity of the Eurobond.<\/span><img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/08\/faa031499c5747bb990ed4fa8e9f61db\"\/><\/p>\n<p>In a post shared on his official Facebook page Albert Wotorgbui wrote;<\/p>\n<p>&#8220;This $1.5 billion Eurobond maturing on September 15, 2022\u00a0will swallow up the $750 million and a huge chunk of the expected $1.3 billion cocoa syndicated loan; that\u2019s even if it will come in before the Eurobond maturity date. More woes for the Cedi and the economy.&#8221;<img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/08\/f4b202fb7d124e4e82dbc1b9567d464b\"\/><\/p>\n<p>He added that, there is a possible default staring Ghana in the face.<\/p>\n<p><strong>Background<\/strong><img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/08\/130b185f57174b389408bd26ddf3a697\"\/><\/p>\n<p>Ghana has a total of $1.5 billion Eurobonds maturing on September 15, 2022. This is expected to exert more foreign exchange demand pressure on Ghana, thus further pressure on the Cedi.<\/p>\n<p>The Ministry of Finance annouced that they have recieved $750million from the Afrexim cocoa development loan. Following that, Bank of Ghana has announced that it will help stabilize the depreciating cedis.<\/p>\n<p>Content created and supplied by: Currentworldnews (via  Opera<br \/>\nNews )<\/p>\n<\/article>\n<p class=\"copyright hide\">\n<span class=\"content\">    ,  .   ,     .       () , , , , , , , , .      \/ ,  and\/or  .     ,  , and\/or  ,      and\/or     <\/span><br \/>\n<span class=\"see-more\"><\/span>\n<\/p>\n<section class=\"tags\">\nAlbert Wotorgbui<br \/>\nCedi<br \/>\nCentre for Socioeconomic Studies<br \/>\nEurobond<br \/>\nGhana<br \/>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A leading member of Centre for Socioeconomic Studies (CSS), Albert Wotorgbui, has predicted more woes for Ghana&#8217;s economy as he reveals the maturity of the Eurobond. In a post shared on his official Facebook page Albert Wotorgbui wrote; &#8220;This $1.5 billion Eurobond maturing on September 15, 2022\u00a0will swallow up the $750 million and a huge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1194584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[672,1963,3212,250,24724,1755],"class_list":["post-1194583","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-cedi","tag-economy","tag-eurobond","tag-ghanas","tag-matures","tag-woes"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1194583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1194583"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1194583\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1194583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1194583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1194583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}