Government’s New 4-Year Bond Attracts GH¢4.46 Billion in Bids
Strong investor demand as government secures GH¢3.15bn from latest domestic debt auction
- GH¢4.46bn in bids received.
- GH¢3.15bn accepted by government.
- Bond cleared at 12% yield.
The government’s newly issued four-year Treasury bond has attracted strong investor interest, with bids totaling GH¢4.46 billion at the latest auction.
Of the total amount tendered, the government accepted GH¢3.15 billion, representing 70.57% of the bids. The auction recorded a bid-to-cover ratio of 1.41 times.
The bond cleared at a yield of 12.00%, at the lower end of the government’s pre-auction market expectation of between 12.00% and 13.50%.
The cedi-denominated bond, which is expected to mature in 2030, was opened on September 1, 2026, through a book-building process and was primarily targeted at resident investors, although non-residents were also eligible to participate.
The strong demand is being seen as a sign of continued investor appetite for medium-term government securities.
The bond is expected to be listed on the Ghana Stock Exchange, with Absa Bank, CalBank, Fincap Securities, GCB Bank, OA Capital and Stanbic Bank serving as active bond specialists.
