Government to open book-build for four-year Treasury Bond on September 1
Government is preparing to raise funds from the domestic capital market through a new four-year cedi-denominated Treasury Bond, with the book-building process scheduled to begin on Tuesday, September 1, 2026. The bond, which will mature in 2030, is being issued as a senior unsecured obligation of the Republic of Ghana and is expected to be […]
On September 1, 2026, the government will commence the book-building process for a four-year Treasury Bond in Ghanaian cedis. The bond, maturing in 2030, is a senior unsecured obligation of the Republic of Ghana and will be listed on the Ghana Stock Exchange. The Bank of Ghana announced the transaction, with the Secretary to the Bank, Aimee Vyda Quashie, signing the notice.
The bond is primarily targeted at resident investors, though non-residents are also eligible to participate. Book-building is expected to begin at 9 a.m. on September 1, following initial pricing guidance release. Investors will submit bids based on their preferred yield rather than a predetermined coupon rate. Final pricing and allocation are scheduled for September 7, marking the settlement and issue date.
The bond has a face value of GH¢1 per unit, with a minimum bid requirement of GH¢50,000. Six financial institutions have been appointed as active bond market specialists. The issuance aims to mobilize financing through the domestic capital market.
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