Trump budget calls for Wall Street regulators to face restructuring
WASHINGTON, May 22 Two Wall Street financial regulators would face cuts or major structural changes under President Donald Trump's fiscal 2018 budget proposal
ACCRA Oct 17 Ghana has issued its first dollar denominated domestic bond worth $94.64 million in two-year paper with a coupon rate of 6 percent, consistent with an initial price range of 5.5-6.5 percent, the Finance Ministry said on Monday.
The bond was open only to investors resident in the West African country and attracted 26 bids totaling $99.64 million. Proceeds from the bond will form part of a government 'sinking' fund to repurchase or redeem debt.
"The successful issuance of the bond evidenced by the generally high subscription and the favorable pricing is a reflection of the returning confidence in the Ghanaian economy," the Finance Ministry said in a statement.
Ghana is emerging from a fiscal crisis that includes elevated inflation and a steep public debt that forced the government into an aid deal with the International Monetary Fund last year worth around $918 million over three years.
The country issued a $750 million Eurobond last month at a yield of 9.25 percent and said the yield was further evidence of returning confidence.
The economy is a central issue ahead of an election in December when President John Mahama will stand for a second and final term against opposition leader Nana Akufo-Addo, who points to slowed economic growth since the president came took office. (Writing by Matthew Mpoke Bigg; Editing by Sandra Maler)
CHICAGO, May 22 The White House budget on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years.