Government Accepts Bids For 7-Year Cedi And 3-Year Dollar Bonds

Government Accepts Bids For 7-Year Cedi And 3-Year Dollar Bonds   Government accepted all bids for the 7-year cedi bond and the 3-year dollar bond issuance, according to auctioning results obtained from the Bank of Ghana. For the 7-year cedi bond, it raised GH¢1.03 billion at a rate of 20.5 percent, whilst it got US$388.9 million dollars for the 3-year dollar bond at an interest of 4.75 percent. The results shows that there are still some uncertainties in the market with investors mindful of the COVID-19 pandemic and other fiscal challenges in the Ghanaian economy. But analysts believe the pricing was within the…