World News

_123673426_getty-brentrenaud-index-1

US journalist and filmmaker, Brent Renaud killed in Ukraine

14 March 2022

A US journalist working in Ukraine has been shot...

SGI-2-750x450

U.S. committed to peace-building, development of Northern Region – U.S Ambassador

12 March 2022

The United States (U.S.) Ambassador to Ghana, Mrs Stephanie...

Maurizio_Gucci

Gucci daughter to tell ‘her truth’ about mother, murder of her father

12 March 2022

Nearly 27 years after the murder of her father,...

images-90

War in Ukraine: Instagram banned in Russia over ‘calls to violence’

12 March 2022

Russia’s state media watchdog Roskomnadzor says Instagram will be...

download (5)

Putin ‘Sacks Eight Generals’ In Anger …

12 March 2022

Furious Vladimir Putin is said to have sacked eight...

Q5EZNAR5KNHK7FRY3OHHRBYBBU

Russia-Ukraine war: Foreign fighters go to join defence

12 March 2022

Nearly 20,000 foreign volunteers have signed up to fight...

putin-says-volunteers-welcome-to-help-fight-against-ukrainian-forces-1646988211131

Government secured a little above ¢862 million from the sale of the 5-year Treasury bond, slightly below the 1.0 billion target. According to auctioning results by the Bank of Ghana, government accepted all the bids tendered in. The interest rate was however 20.75%, higher than the 19.75% paid for the 2-year bond issued in February 2022. The Initial Pricing Guidance was between 20% and 20.75%. But Joy Business understands that the price of the debt instrument was in line with secondary market conditions, as investors demanded higher premium for the new issuance. This is as a result of the rising inflation, the depreciation of the cedi and uncertainty about the Bank of Ghana’s policy rate which is creating a higher level of uncertainty about the direction of yields of Government of Ghana bonds. Analysts, however, believe the amount raised was broadly expected given the absence of non-resident investors in the acquisition of the bond. Presently, domestic interest payments accounts for about 78% of total interest rate payments. With the prevailing upside risks to domestic interest rates, aggressive control of government spending is very important since the era of cheap money is over. The 5-year bond will mature in 2027. Absa, Black Star, CalBank, Databank, Ecobank, Fidelity, GCB, IC Securities and Stanbic Bank were the sponsoring firms or bond market specialists.

12 March 2022

Russian President Vladimir Putin said on Friday that he...

1647007734_78ee4c3f-beaa-56bd-a39a-2325531bcfd9operationCROPoffset0x120resize2000x1125

Turkey sentences journalist to prison, ruling she insulted Erdogan

12 March 2022

A Turkish court on Friday sentenced journalist Sedef Kabas...

Russias-President-Vladimir-Putin-703x424

Russia-Ukraine crisis: Respect call for unconditional and immediate ceasefire – Ghana urges Russia, Ukraine

12 March 2022

Ghana has urged parties in the Russia-Ukraine crisis to...

download (4)

UN Rights Office has Received Credible Reports Of Russian Cluster Bomb Use In Ukraine

11 March 2022

The U.N. human rights office said on Friday it...