Joy Business is gathering that government's $5 billion Eurobond has been oversubscribed. However, the interest cost has not yet been disclosed.
The Finance Ministry is expected to put out a statement to give full details about the Eurobond oversubscription soon.
Ghana becomes the first African country to issue a zero-coupon rated bond. With a zero-rated coupon bond, no interest is paid whilst it trades a discount to its face value
Commenting on the oversubscription, spokesperson and Economic Adviser to the President, Dr Gideon Boako said government will not accept all the bids submitted.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Center for Learning and Childhood Development Director Dr Kwame Sakyi honoured at Ghana Philanthropy Awards
7 hours -
Asantehene receives 28 looted artefacts
8 hours -
CAF WCL 2024: Ghana’s Thelma Baffour wins title with TP Mazembe
9 hours -
Benjamin Boakye slams politicisation of energy sector issues and ECG’s inefficiencies
9 hours -
Erastus Asare Donkor and Dr Neta Parsram win big at 10th Mining Industry Awards
9 hours -
Government is “suppressing information” about power sector challenges – IES Director
9 hours -
Majority of our debts caused by forex shortfall – ECG Boss
10 hours -
Pan-African Savings and Loans supports Ghana Blind Union with boreholes
10 hours -
Bole-Bamboi MP Yussif Sulemana donates to artisans and Bole SHS
10 hours -
Top up your credit to avoid potential disruption – ECG to Nuri meter customers
10 hours -
Dutch & Co wins 2024 Entrepreneur of the Year Award
11 hours -
We’ll cut down imports and boost consumption of local rice and other products – Mahama
13 hours -
Prof Opoku-Agyemang donates to Tamale orphanage to mark her birthday
14 hours -
Don’t call re-painted old schools brand new infrastructure – Prof Opoku-Agyemang tells gov’t
15 hours -
Sunon Asogli plant will be back on stream in a few weeks – ECG
15 hours