
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
-
Police investigate death of unidentified man at Tema Metropolitan Assembly forecourt
9 minutes -
Sarah Adwoa Safo reportedly injured in alleged shooting incident
28 minutes -
CIKOD launches Ghana Universities Movement for Agro-Ecology at DHLTU
32 minutes -
Ablakwa hails UG School of Performing Arts for reenactment of Transatlantic Slave Trade
34 minutes -
Cape Coast: Toddler confirmed dead, 2 injured as rain induced mudslide destroys homes
1 hour -
Reform education to conform to Artificial Intelligence – Technical universities urged
1 hour -
Signs grow that Starmer will set out timetable to resign as mood in government shifts
1 hour -
Tight security as Indian students resit medical exam after alleged paper leak
2 hours -
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
2 hours -
National Juniors Challenge to introduce STEM Fair as competition expands – Founder
3 hours -
Photos: National Juniors Challenge launches eighth edition, 46 schools’ ballot for national championship
3 hours -
I work with whoever Ghanaians elect as President; I’m now working with Mahama – Asantehene declares in Canada
3 hours -
France bans alcohol at music festival events under red heatwave alert
4 hours -
National Juniors Challenge launched as 46 schools’ ballot for eighth national championship
4 hours -
Menstrual dignity project restores hope for schoolgirls in Amanase
4 hours