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
-
Power restoration fault suspected in Kumasi Central Market fire
41 minutes -
The 7-foot giant of Ngleshie Amanfro: Seven-foot Ghanaian Ephraim Saawa dreams of joining the national basketball team
1 hour -
Government promises support for Kumasi Central Market fire victims
1 hour -
Vibes The Movie: Big Ghun’s Ghanaian film earns five nominations at 2026 REFFA
2 hours -
MamaCare CEO warns unresolved conflicts among health workers could undermine maternal and neonatal care
2 hours -
Health professionals urged to translate medical knowledge into practice to save mothers
2 hours -
Conflicts among care providers linked to maternal, neonatal deaths – Expert
4 hours -
GIS marks 10th TIME conference, champions improved teaching practices
4 hours -
BRICS Or Balance? What Ghana’s bid really means
5 hours -
GPRTU wants full TRAFFITECH-GH implementation to start in 2027
5 hours -
Mahama announces plans to import electric wheelchairs for PWDs
5 hours -
KGL U17 Colts 2026: Western beat Prempeh Elite Academy to set up final final with Greater Accra Region
5 hours -
Late Solanke strike salvages 10-man Spurs draw at Man United
5 hours -
Gender Ministry to monitor welfare of Nana Akua Addo’s children amid domestic violence case
6 hours -
Benedict Okyere Yeboah: Ghana’s football problem goes beyond sacking a coach
6 hours