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High paying Golden Jubilee Savings Bond to be launched
abroad
Accra, Feb. 01, Ghanadot/GNA – Strategic African Securities
(SAS) Finance Group, advisors of the government on Ghana
Golden Jubilee Savings Bond, is leading a team of experts to
launch the bond in Europe and North America next week.
The bond, expected to raise 50 million GH cedis for
infrastructural development in the country, would be
launched in Cologne, London, and Amsterdam.
Some officials of the Ministry of Finance and Economic
Planning would join the SAS team to perform the launch on
behalf of the Government of Ghana.
Speaking to the Ghana News Agency in Accra on Friday, Mr
Mawuli Hedo, Senior Corporate Advisor of SAS Finance Group,
said in addition to the launch, the experts would spend some
time to educate Ghanaians living in the Diaspora the
prospects of the bond.
He said: “the bonds offer a good investment opportunity for
Ghanaians living abroad due to its high rate of interest.
“In the face of falling interest rates, the effective rate
of 16.1 percent on these bonds is very attractive,” Mr Hedo
said.
The jubilee savings bond would be issued at a face value of
10 GH cedis and in multiples of 10 GH cedis thereafter.
Interest rate for the bond would be fixed at the prevailing
five-year Government of Ghana rate on the issue date for
investors.
Retail investors would receive additional interest of 0.5
percent plus the prevailing rate on the Government of Ghana
five-year Bond.
It has a five-year maturity period, which would be fixed on
the purchase date with a minimum holding period of three
years after which they might be redeemed at face value plus
accrued interest.
There is an early redemption charge of 1.5 percent in the
fourth year and one percent in the fifth (5th) year.
GNA
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