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Gideon Boako writes on Ghana's novel zero coupon bond

Ghana is the first Sub-Saharan African country to issue a foreign currency-denominated zero-coupon bullet tranche to its bond financing mix, enabling it to create fiscal space to build its financial resilience. Ghana’s debut 4-year zero-coupon bond was two times oversubscribed, despite being the first of its kind to be issued by a West African sovereign, further demonstrating investors continued support for Ghana’s transformation story and strong fiscal consolidation efforts. ....

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