Ghana Economy: Ghana accepts $89 million of 3-year cedi bond

Ghana has accepted 393.6 million cedis ($88.9 mln) worth of bids for an oversubscribed three-year domestic bond.

Ghana has accepted 393.6 million cedis ($88.9 mln) worth of bids for an oversubscribed three-year domestic bond sold on Friday at a yield of 18.5 percent, Reuters has reported, quoting the central bank.

Total bids for the bond, opened to foreign investors, were 498.3 million cedis. The target for the issue was 300 million, the report said.

Ghana has accepted 393.6 million cedis ($88.9 mln) worth of bids for an oversubscribed three-year domestic bond. Read Full Story