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Mipromo Media donates GH₵5000, other essential items to KK Kaboobo
In a heartwarming gesture of solidarity and support, Mipromo Media, Ghana’s leading music distribution and YouTube management company, demonstrated its commitment to its artistes by visiting the esteemed highlife legend, KK Kaboobo, at the University of Ghana Medical Centre.
Mr. Kaboobo, a cherished client of Mipromo Media, is currently undergoing treatment for liver disease.
Representatives from Mipromo Media arrived at the medical centre on Friday, March 8, 2024, to extend their good wishes and provide tangible support to the revered musician during his challenging time.
In a display of empathy and generosity, the company presented a donation of GH₵5,000 along with essential items, symbolising their unwavering support and hope for Mr. Kaboobo’s swift recovery.
Mr. Emmanuel Ghansah, Public Relations Officer (PRO) of Mipromo Media, expressed the company’s deep admiration and appreciation for KK Kaboobo, acknowledging his invaluable contributions to Ghana’s vibrant music industry over the years.
“KK Kaboobo holds a special place in the hearts of Ghanaians, and it is our privilege to stand by him during this period of his life. As a company deeply rooted in the music community, we must support and uplift our artistes, especially during challenging times,” Mr. Ghansah said.
The visit served as a testament to Mipromo Media’s ethos of nurturing talent and fostering a sense of camaraderie within the Ghanaian music scene. By extending a helping hand to one of their own, the company reaffirmed its commitment to promoting music and caring for its artistes’ well-being.
KK Kaboobo, visibly touched by the gesture, expressed his gratitude to Mipromo Media for their kindness and support.
“I am overwhelmed by the outpouring of love and support from Mipromo Media and the entire music community. Their generosity gives me strength and hope as I focus on my recovery, ” Mr. Kaboobo said.
The visit not only exemplified Mipromo Media’s dedication to Corporate Social Responsibility but also underscored the company’s commitment to elevating its brand through meaningful and impactful initiatives.
As a trailblazer in music distribution and artiste management, Mipromo Media continues to set the standard for industry excellence while embodying the spirit of compassion and solidarity.
News
Ghana achieves 98% participation in Eurobond debt restructuring
The Ministry of Finance has announced the successful completion of its Eurobond debt exchange and consent solicitation process.
The initiative, which aims to restructure Ghana’s Eurobond debt, has received overwhelming support from bondholders, marking a significant milestone in the country’s economic recovery efforts.
Launched on September 5, 2024, the offer invited eligible holders of Ghana’s Eurobonds to exchange their existing bonds for new ones under two menu options—Par and Disco.
As of the final expiration deadline on September 30, 2024, 98.6% of bondholders, representing the recognized principal amount of the existing bonds, participated in the offer.
During the bondholder meetings on Thursday, October 3, holders of the 2013, 2014, and 2015 WB-Guaranteed Notes passed extraordinary resolutions with over 90% representation, enabling the restructuring process to proceed smoothly.
Meanwhile, for Aggregated CAC Notes, consents exceeded 98.7%, meeting the required thresholds for the exchange.
A majority of bondholders (91% of the principal amount) opted for the Disco menu of new notes, while 7.6% chose the Par menu, which remained under its cap of U.S. $1.6 billion, leaving a balance of U.S. $605 million available for future allocation.
Subject to the terms of the exchange, a total of U.S. $126 million in consent fees will be distributed to eligible bondholders who submitted their instructions by the early consent deadline.
The new bonds are expected to be issued on or around October 9, 2024, with full settlement to follow shortly thereafter.
The successful completion of this exchange is a critical step in Ghana’s broader debt restructuring efforts under its International Monetary Fund (IMF) programme, further strengthening the country’s path towards debt sustainability and normalizing relations with international capital markets.
The Government of Ghana expressed gratitude to bondholders for their participation and support, emphasizing that this successful outcome reflects a shared commitment to restoring the country’s economic stability.
In preparation for the issue date, all existing Eurobonds, including those for which no consent or exchange instructions were given, will be blocked from trading to ensure a smooth final settlement.
Source: Citinewsroom.com
News
Update on Nana Asante Bediatuo’s health
The Office of the President has responded to news making rounds regarding the health of Secretary to the President, Nana Asante Bediatuo.
According to the office in a statement, they wish to inform the public about the health status of Nana Bediatuo Asante, Secretary to the President.
They revealed that following the conclusion of the meeting of the 79th United Nations General Assembly (UNGA) in New York, in the United States of America, where he served as a key member of President Akufo-Addo’s delegation.
The statement added that Nana Bediatuo Asante stayed behind to conduct further government business.
They added that he then began to feel unwell, and was subsequently admitted to hospital.
According to the statement, he is currently in stable condition and responding well to treatment. The medical team added that, Nana Bediatuo Asante’s recovery is on track, and we remain hopeful for his swift return to full strength.
“We ask for continued prayers and support for him and his family during this difficult period. Further updates will be provided when necessary,” he concluded.
By Edem Mensah-Tsotorme
