Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The need to provide quality education remains fundamental to Governments the world over. Ghana in a quest to guarantee a flow of funds to finance

The need to provide quality education remains fundamental to Governments the world over. Ghana in a quest to guarantee a flow of funds to finance education established the Ghana Education Trust Fund (GETFund) through the Ghana Education Trust Fund Act 2000, (Act 581). The fund provides a structure to raise revenue to meet various educational expenditure. In 2020, the Government of Ghana established a Special Purpose Vehicle (SPV), Daakye Trust PLC, to facilitate the issuance of bonds to finance the educational need of the country. The SPV is set out to issue bond worth GHS 5.5 billion. The bonds issued are to be listed on the Ghana Fixed Income Market. Based on the above, prepare a brief paper that discusses the Daakye PLC and its implication on GETFund.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Emerging Markets And Financial Resilience Decoupling Growth From Turbulence

Authors: C. Hooy, R. Ali, HooyChee-Wooi, S. Ghon Rhee

2nd Edition

1137266600, 9781137266606

More Books

Students also viewed these Accounting questions

Question

7 Explain the equity theory of motivation.

Answered: 1 week ago