The Republic of Ghana is set to officially open the book-build for this four-year Treasury Bond on Tuesday, September 1, 2026, as part of its ongoing efforts to mobilize resources through the domestic capital market. This issuance, which falls under Notice No. BG/FMD/2026/43, is scheduled to mature in 2030 and is classified as a senior unsecured instrument. According to the Bank of Ghana, the announcement was formally signed by the Secretary of the Bank, Aimee Vyda Quashie, on August 29, 2026.

While the bond is primarily marketed to those residing within the country, it remains open to international investors, with the expectation that these securities will be listed on the Ghana Stock Exchange (GSE) for enhanced liquidity. The book-build process itself is designed to be transparent, starting at 9 a.m. on the first day of September, immediately following the release of the initial pricing guidance.

Unlike traditional fixed-rate auctions where the coupon is predetermined, this issue utilizes a book-build format, allowing investors to submit their bids based on a yield percentage. The Bank of Ghana has indicated that "

revised and final pricing guidance would be issued as necessary during the book-build" until the books close at approximately 3 p.m. on Thursday, September 3. This flexible approach ensures that the final pricing, scheduled for determination on September 7, reflects current market demands. For those interested in participating, the entry requirements are clearly defined: the bond has a face value of GH¢1 per denomination, but the minimum bid is set at GH¢50,000.

Any additional bids must be made in multiples of GH¢1,000. This structure is intended to attract a mix of institutional and high-net-worth individual investors. Furthermore, the principal repayment is structured on a "bullet basis," which means investors can expect their full principal to be repaid at the time of maturity rather than through periodic amortisation.

To facilitate this massive transaction, six prominent financial institutions have been designated as active bond market specialists: Absa, CalBank, Fincap, GCB, OA, and Stanbic. These institutions play a vital role in ensuring the smooth execution of the issuance and providing the necessary market expertise.

This 2026 issuance follows a series of previous successful operations by the Ministry of Finance, including the April 2026 7-year GHS denominated Treasury Bonds and various long-term instruments like the 20-year Treasury Bond issued in 2019. The continuous issuance of these bonds highlights the Ministry's commitment to a robust investor relations program and a well-structured issuance calendar. Investors can stay informed through the Ministry's various platforms, including their Investor Relations portal and social media channels.

The September 2026 4-year Treasury Bond represents a vital opportunity for investors to contribute to and benefit from Ghana's economic growth. By offering a senior unsecured obligation with a clear path to maturity in 2030, the government continues to build trust within the domestic and international investment communities.

As the book-build opens on September 1, potential investors should prepare their bids and consult with the named market specialists to secure their place in this issuance. For more detailed information and updates on future issuances, you are encouraged to visit the official Ministry of Finance Ghana website or contact their toll-free call center.

#The September 2026 4-year Treasury Bond represents a vital opportunity for investors to contribute to and benefit from Ghana's economic growth. By offering a senior unsecured obligation with a clear path to maturity in 2030 #the government continues to build trust within the domestic and international investment communities. As the book-build opens on September 1 #potential investors should prepare their bids and consult with the named market specialists to secure their place in this issuance. For more detailed information and updates on future issuances #you are encouraged to visit the official Ministry of Finance Ghana website or contact their toll-free call center.