
Audio By Carbonatix
The Bank of Ghana is to issue another three year bond next week Thursday.Government through the Central Bank is hoping to raise GH¢300 million.According to a statement on the website of the Bank of Ghana, the bond will have a yield of 10 percent for investors and will be open to both locals and foreigners.This will be the third time this year that government is issuing a cedi denominated bond.Government in April issued a GH¢320 million three-year bond to pay off government debts that are maturing.However many analysts have criticized the practice where government borrows to pay its old debts.Meanwhile Joy Business has gathered government will again issue a five-year bond later this year to also settle another bond set to mature later on in the year.Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
IMF urges Central Banks to keep inflation in check
6 minutes -
H. Kwasi Prempeh raises concerns over Supreme Court’s handling of OSP constitutionality case
16 minutes -
Global childhood cancer cases soar
16 minutes -
Airline pilots fear retribution over refusing to fly in Middle East, aviators’ group says
17 minutes -
Police intensify security in Bosomtwe communities after deadly clash
25 minutes -
Corporate Income Tax contributes highest to 2025 petroleum revenue
27 minutes -
Ghana less exposed to global oil disruptions — Fitch
30 minutes -
Property rates: Stakeholders advocate digitisation, transparency, …
32 minutes -
Police officer killed in road crash at Atortorkorpe in Ada
32 minutes -
EKMA begins dredging major storm drains ahead of peak rainy season
37 minutes -
US has let in 4,499 refugees since October – all but three were South African
41 minutes -
Child Protection Units to be part of MMDA Performance Assessment
48 minutes -
Pub thief jailed over £2.2m Fabergé theft
54 minutes -
Show us the money – COMAC CEO demands full disclosure on ‘dumsor levy’ windfall
1 hour -
Melania Trump denies ties to Jeffrey Epstein and urges hearing for survivors
1 hour