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12.12.2007 Business & Finance

Bank of Ghana issues 3 and 5-year bonds today

By myjoyonline

The Bank of Ghana's 3 and 5-year bonds starts selling today.

The Central Bank intends to raise some $30 million with the issue of the 3-year bond while the 5-year will raise about $50 million.

Investors had up to 12 noon Wednesday to buy the bonds.

Meanwhile foreign currency dealers believe this bond will strengthen the cedi against the foreign currencies. This is because they expect a lot of foreign investors to come in with their currency to buy the bonds.