Audio By Carbonatix
Government secured GHS739.39 million in bids from investors in Thursday's 3-year bond auction but accepted GHS705 million.”‹
Government is expected to pay an interest of 18.50 percent on the bond.
It however not clear for now, how many foreign and local investors participated in the auction and how government intends to use proceeds of the bond.
That is whether it would be used to clear maturing debts or other projects outlined in this year’s budget. Settlement for the bonds would happen on Monday, June 5.
However analysts, fear the auction could lead to further increase in the debt stock which has hit GHS127 billion as at March 2017.
The Finance Ministry used the book building approach to issue this bond, which was jointly led by Barclays, Stanbic and SAS.
Latest Stories
-
Weak consumption, high unemployment rate pose greater threat to economic recovery – Databank Research
50 minutes -
Godfred Arthur nets late winner as GoldStars stun Heart of Lions
1 hour -
2025/26 GPL: Chelsea hold profligate Hearts in Accra
1 hour -
Number of jobs advertised decreased by 4% to 2,614 in 2025 – BoG
2 hours -
Passenger arrivals at airport, land borders declined in 2025 – BoG
2 hours -
Total revenue and grant misses target by 6.7% to GH¢187bn in 2025
2 hours -
Africa’s top editors converge in Nairobi to tackle media’s toughest challenges
3 hours -
Specialised courts, afternoon sittings to tackle case delays- Judicial Secretary
3 hours -
Specialised high court division to be staffed with trained Judges from court of appeal — Judicial Secretary
4 hours -
Special courts will deliver faster, fairer justice — Judicial Secretary
4 hours -
A decade of dance and a bold 10K dream as Vivies Academy marks 10 years
5 hours -
GCB’s Linus Kumi: Partnership with Ghana Sports Fund focused on building enduring systems
5 hours -
Sports is preventive healthcare and a wealth engine for Ghana – Dr David Kofi Wuaku
5 hours -
Ghana Sports Fund Deputy Administrator applauds GCB’s practical training for staff
6 hours -
Ghana Sports Fund strengthens institutional framework with GCB Bank strategic partnership
6 hours