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Govt to exchange US$809m in newly announced dollar denominated DDEP

July 17, 2023 The government has announced a new Domestic Debt Exchange Programme (DDEP) for US dollar denominated bonds targeting to exchange US$ 809 million of the denominated notes and bonds. “The...

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July 17, 2023 / Comments (0)

Fitch downgrades Ghana’s borrowing capacity to ‘Restrictive Default’

April 26, 2023 Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’. It has also downgraded to ‘CC’ from ‘CCC’ and...

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April 26, 2023 / Comments (0)

Total trade on new government bonds falls by 38.03%

April 5, 2023 Market activity on domestic sovereign bonds slumped last week as total trade retreated 38.03% week-on-week to ¢62.31 million. Interest in the new bonds, according to trading results,...

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April 5, 2023 / Comments (0)

Trading of government bonds falls by 21.09% to ¢119.05m

March 21, 2023 Volume traded on the new Government of Ghana bonds fell by 21.09% week-on-week to ¢119.05 million last week. This follows the completion of the Domestic Debt Exchange Programme. According...

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March 21, 2023 / Comments (0)

Government extends date for tendering of bonds by bondholders

February 8, 2023 The government has extended to Friday at 4:00pm (GMT) the deadline for some bondholders who are facing difficulties on online portals tendering in their bonds to do so by the extended time....

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February 8, 2023 / Comments (0)

Foreign holdings of domestic bond to fall to below 10% in 2022 – Bloomberg

December 12, 2022 Foreign holdings of Ghana’s domestic debt is expected to fall to below 10% by the end of the year, Bloomberg has projected. This it says had piled pressure on the Ghana cedi which is...

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December 12, 2022 / Comments (0)

Debt exchange kicks off – Bonds replaced by 4 new ones, Interest payment deferred to 2024

December 6, 2022 The government has launched a voluntary exercise that allows institutions that hold bonds issued locally in Ghana cedis to postpone their interest on the investments in return for full...

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December 6, 2022 / Comments (0)

Government faces ¢2.83bn 5-year bond refinancing with 26% foreign holdings

November 22, 2022 The government is faced with refinancing a ¢2.83 billion 5-year bond, maturing on November 28, 2022 with 26% of foreign holdings. With the unfavourable pricing conditions, analysts expect...

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November 22, 2022 / Comments (0)

Government accepts GH¢3 billion for 2-year bond as investor interest grows

February 22, 2021 Government accepted GH¢3.0 billion from the 2-year bond auctioned last Thursday as there were immense foreign investor participation in the debt instrument. Auction result from...

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February 22, 2021 / Comments (0)

Govt to use COVID-19 cash to set up Dev’t Bank

January 25, 2021 As the coronavirus pandemic continues to wreak havoc on the economy and put much pressure on the health system, with many calling for increased spending on health-related expenditure to...

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January 25, 2021 / Comments (0)