Government has announced the issuance of 20-year treasury bonds this week, which will be the country’s longest tenured cedi denominated treasury bonds ever issued on the domestic market.

It has therefore started engaging strategic investors over the sale of its historic 20-year bond

The exercise which was started on Wednesday 21st August,2019 will end on Thursday 22nd August,2019.

Government through the Bank of Ghana has settled on an interest between 19.85%-20.20 % with the deal been handled by five financial institutions in the country that is the joint book runners namely Barclays bank Ghana, Data bank, Fidelity bank, Stanbic bank Ghana and IC securities.

According to the finance minister, they are using this approach to extend the time for the repayment of the amounts of monies been borrowed while using a model to bring down the cost of these debts.