Bond Ghanan 0% ( GHGCMB063695 ) in GHS

Issuer	Ghanan
Market price	100 % ⇌
Country	Ghana
ISIN code	GHGCMB063695 ( in GHS )
Interest rate	0%
Maturity	30/12/2021 - Bond has expired
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Minimal amount	1 GHS
Total amount	2 703 331 765 GHS
Detailed description	Ghana is a West African country known for its rich history, diverse culture, vibrant arts scene, and significant role in the transatlantic slave trade. An analysis of past sovereign debt instruments highlights the conclusion of the bond issued by the Republic of Ghana, identified by ISIN GHGCMB063695. This specific financial instrument, denominated in Ghanaian Cedis (GHS), was an integral part of Ghana's public debt portfolio, illustrating the nation's strategy for domestic capital mobilization. As an emerging market economy in West Africa, Ghana relies on such issuances to finance its development objectives and manage its fiscal position. The total issuance size of this particular bond was GHS 2,703,331,765, designed for accessibility with a minimum purchase unit of 1. A key characteristic of this bond was its 0% interest rate, suggesting it was structured as a zero-coupon bond, where investors typically purchase the bond at a discount and receive the full face value at maturity, or simply received no recurring interest payments. Having reached its maturity date on December 30, 2021, the bond's market price stood at 100%, signaling its successful redemption. This confirms that the principal amount was fully repaid to bondholders, thereby concluding its financial lifecycle and demonstrating Ghana's adherence to its debt service commitments.