Ghana sells GH¢477.6m 10-year bond

Ghana sold GH¢477.6 million worth of a fresh 10-year domestic currency bond on Thursday and will pay a yield of 17.5 percent, transaction arrangers said.

The issuance, open to foreign investors, attracted offers worth GH¢523.2 million cedis, Barclays Bank Ghana said in an email to Reuters.

Initial pricing guidance for the paper, which matures in May 2028, was set at 17.0 percent to 17.75 percent. Settlement is slated for June 11.

15-year bond

Earlier, Government raised more than GH¢3.4 billion in the country‘s first 15-year bond as well as GH¢1.4 billion in another seven-year government paper that was also closed.

The State is expected to pay investors who participated in the two bonds an interest of 19.75 percent.

Although government actually had GH¢3.427 billion worth of bids from investors, it but took GH¢3.422 billion with proceeds from the seven and 15-year bonds totaling almost GH¢5 billion.

 

Source: reuters.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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