Bond Ghanan 0% ( GHGCMB066227 ) in GHS

Issuer	Ghanan
Market price	100 % ⇌
Country	Ghana
ISIN code	GHGCMB066227 ( in GHS )
Interest rate	0%
Maturity	11/10/2022 - Bond has expired
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Minimal amount	1 GHS
Total amount	152 418 803 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. A financial analysis of the sovereign bond identified by ISIN GHGCMB066227 focuses on an instrument issued by the Republic of Ghana, a key sovereign entity in the West African financial landscape. Ghana, as the issuer and country of emission, regularly accesses debt markets to finance its developmental agenda and manage fiscal obligations, with its bond issuances providing a barometer of investor confidence in its economic policies and stability. This specific debt instrument, categorized as a bond, was denominated in the Ghanaian Cedi (GHS) and had a total issuance size of GHS 152,418,803. With a minimum purchase size set at 1 unit, it aimed for broad investor participation. Notably, the bond featured a stated interest rate of 0% and a payment frequency of 1, characteristic of a zero-coupon bond where the return for investors is derived from the discount at which it was initially purchased, maturing at par. The bond's maturity date was October 11, 2022, at which point its market price was quoted at 100% of its face value. Following its maturity, this bond has been fully redeemed, confirming the Republic of Ghana's successful fulfillment of its repayment obligations to bondholders.