Ghana to issue GH¢300m fixed rate bond

The government of Ghana through the central bank will on May 23, 2012 issue a GH¢300 million-three-year fixed rate bond.

The purpose, the Bank of Ghana (BoG) in a statement said is to “support urgent government commitment falling due and to provide a benchmark yield of three years in the market.”

The bond shall be available to residential and non-residential investors, according to the central bank.

By Ekow Quandzie

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