Government raises GH¢3.15bn in 4-year bond at 12%
Official results of the bond auction released last night showed that the government allotted GH¢3.15 billion at a clearing yield of 12%.
The Ghana government successfully raised GH¢3.15 billion through the sale of a 4-year bond at a "clearing yield" of 12%. Initial market data revealed that the government received bids totaling GH¢4.46 billion. The bond is scheduled for settlement on September 7, 2026. Six financial institutions - Absa Bank, Calbank, Fincap GCB, OA, and Stanbic - acted as active bond specialists for this offering.
The bond, with a face value of GH¢1 per denomination, has a mandatory minimum bid of GH¢50,000, with additional bids in increments of GH¢1,000. This initiative, the first short-dated instrument issued by the current administration following the 7-year bond in April 2026, will be listed on the Ghana Stock Exchange. The cedi-denominated bond, expected to mature on September 3, 2026, is part of the government's plan to raise GH¢6.55 billion across various tenors, including 19-day, 182-day, and 364-day bills.
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- Government raises GH¢3.15bn in 4-year bond at 12% myjoyonline.com
