Bond Ghanan 0% ( GHGGOG061839 ) in GHS

Issuer	Ghanan
Market price	100 % ⇌
Country	Ghana
ISIN code	GHGGOG061839 ( in GHS )
Interest rate	0%
Maturity	24/05/2021 - Bond has expired
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Minimal amount	1 GHS
Total amount	99 090 000 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 in-depth analysis of the Ghanaian sovereign debt market highlights a specific instrument, ISIN GHGGOG061839, which was issued by the Republic of Ghana, serving as both the obligor and the country of issuance. This particular bond, denominated in the Ghanaian Cedi (GHS), reached its maturity date on May 24, 2021, and has subsequently been fully redeemed and repaid. With an original total issuance size amounting to GHS 99,090,000 and structured with a minimum purchase denomination of GHS 1, the bond demonstrated a relatively accessible entry point for investors. Notably, the instrument featured a stated interest rate of 0% and a payment frequency of 1, indicative of a zero-coupon structure where the return for investors was realized through the bond's redemption at 100% of its par value. The successful and timely repayment of this obligation, despite its zero-coupon characteristic, underscores the issuer's adherence to its financial commitments for this specific debt instrument, providing a reference point for the Republic of Ghana's debt management practices in the local currency market.