Government raises GH¢485.9m bond to finance infrastructure
January 28, 2019
The government through the Bank of Ghana yesterday re-opened the 2-year Treasury Bond issued last year to raise additional GH¢485.91 million which it described as current amount outstanding.
The bond was originally opened on February 19, 2018 and was expected to mature on February 17, 2020.
Business Finder gathers that the government issued the debt instrument to bridge some financing gap within the 2019 budget.
In this regard, majority of the proceeds of the bond which was opened to both resident and non-resident investors will be used to finance infrastructure or capital expenditure.
Each bond was expected to have a face value of GH¢1 while the minimum bid was GH¢50,000 and in GH¢1,000 thereafter.