Audio By Carbonatix
For the first time in recent bond sales, the Government of Ghana achieved more than half of its target from the 2-year bond issuance yesterday.
According to the trading results, government raised GHS1.53 billion cedis as against a target of one billion cedis.
The interest rate or yield of 18.50 percent was also in line with the secondary market levels.
Joy Business learnt majority of the funds would be used to settle maturing debt, whilst the remaining will be used to support government’s financing.
A book-building approach was adopted, indicating a pricing guideline was set before the bond was floated.
Government had also exceeded its weekly Treasury bills sale last Friday, the first time in several weeks.
Last bond sale
During the sale of the 3-year bond last month, the Government of Ghana accepted all the GHS823.64 million bids.
The interest rate of the debt instrument which would be paid semi-annually till maturity was 19.0%.
Since the emergence of the coronavirus pandemic, the government has been accepting all bids for bonds issued so far.
Latest Stories
-
What everyone should know about C-sections
43 minutes -
Health Ministry engages Ga Mantse ahead of Free Primary Healthcare launch
1 hour -
We can tackle multiple priorities – Sam George defends Anti-LGBTQ Bill push
2 hours -
Statement: Ghana Chamber of Mines’ Response to Claims in Joe Jackson’s “Ananse Stories about the Economy of Ghana”
2 hours -
GES opens 2026 teacher recruitment for licensed B.Ed graduates
2 hours -
Ghana must value skilled trades, build resilient learners — Ibn Chambas
2 hours -
Ghana must rethink education around relevance, resilience and responsibility — Ibn Chambas
2 hours -
Prince Harry faces defamation lawsuit from charity he co-founded
2 hours -
South Korea deploys thermal cameras to track escaped zoo wolf
2 hours -
Calls for royal meeting with Epstein survivors grow ahead of US visit
2 hours -
Ibn Chambas advocates blend of technology and human values in education
2 hours -
UMA improves healthcare access in Asutifi North with GH₵700k ‘Kim Taylor Legacy’ Walkway
2 hours -
Scholarships Authority and Fanaka University offer sponsorship for procurement and supply chain studies
2 hours -
Bisa Kdei drops new single ‘Go N Look’ featuring Medikal
2 hours -
Benin facing rising terrorism in north as French military presence faces growing criticism
2 hours