Government to support budget with 3-year GH?400m bond

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The Ghana government will on May 30, 2013 issue a GH?400 million bond through the central bank.

The three-year fixed rate bond, the Bank of Ghana says will be used to support the budget and to rollover maturing debt.

Each Bond shall have a face value of one Ghana cedi, the central bank said in a statement.

It added that the bond shall be available to both resident and non-resident investors.

By Ekow Quandzie/ghanabusinessnews.com

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