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Gov’t is set to issue a 7-year cedi bond on March 30, first since 2022
March 26, 2026
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Gov’t is set to issue a 7-year cedi bond on March 30, first since 2022

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Key Points

  • Ghana's government is set to issue a 7-year cedi-denominated bond on March 30, 2026.
  • This marks the first such issuance since 2022, following the lifting of Domestic Debt Exchange Programme restrictions.
  • The bond aims to finance 2026 budget projects, re-establish domestic funding, support liquidity management, and refinance maturing obligations.
  • It will be open to both resident and non-resident investors, with a minimum bid of GHC 50,000.
  • Six financial institutions, including Absa Bank Ghana and GCB Bank PLC, have been appointed as bond market specialists.

Why This Matters

This bond issuance is a critical step for Ghana, signaling the government's return to the domestic bond market after the debt restructuring and a move towards restoring investor confidence. It is essential for the government's ability to finance its 2026 budget, manage its debt obligations, and rebuild a sovereign yield curve, all of which are vital for economic stability and future development.

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