Bond Ghanan 19.7% ( GHGGOG055500 ) in GHS

Issuer	Ghanan
Market price	100 % ⇌
Country	Ghana
ISIN code	GHGGOG055500 ( in GHS )
Interest rate	19.7% per year ( payment 1 time a year)
Maturity	23/05/2022 - Bond has expired
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Minimal amount	50 000 GHS
Total amount	1 566 151 235 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. This financial article provides an overview of a specific Ghanaian government bond, identified by ISIN GHGGOG055500, which has successfully reached its maturity and been fully repaid. The issuer, Ghana, an emerging economy in West Africa, regularly accesses both domestic and international capital markets to finance its public expenditure and development initiatives, relying on instruments like this sovereign bond. This particular fixed-income instrument was denominated in Ghanaian Cedi (GHS) and featured a notable annual interest rate of 19.7%, with payments made once a year, reflecting prevailing market conditions for sovereign debt in the region at the time of issuance. The total size of this particular bond issuance amounted to GHS 1,566,151,235, with a minimum investment threshold set at GHS 50,000, making it accessible to a range of investors. Originally issued by the Ghanaian government, the bond had a defined maturity date of May 23, 2022. Crucially, as of its maturity date, the bond's market price was reported at 100%, indicating that the principal amount was fully reimbursed to bondholders. This successful repayment underscores Ghana's adherence to its debt obligations concerning this specific security, providing a positive signal regarding the management of its domestic debt portfolio.