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Government targets lower borrowing costs with 12–12.5% bond guidance

The range, announced in a market update following the launch of the bond, will guide investor expectations ahead of the final rate determination, which is expected after the book-building process closes on April 1. The move marks Ghana’s first issuance of a bond of this tenor since 2022, following the disruption of the domestic market by the Domestic Debt Exchange Programme introduced in 2023. [...]