At the close of a roadshow in London yesterday, the appetite for the 2019 sovereign bond went up, resulting in orders totalling $21 billion, about seven times more than what the country went in for, reports the Daily Graphic on Wednesday.
This allowed key persons responsible for the bond to negotiate for favourable interest rates on the bonds.
The Minister of Finance, Mr. Ken Ofori-Atta, who led the team, accepted only $3 billion, as was approved in the 2019 Budget statement.
The bonds are reported to have maturity periods ranging between 12 and 31 years in three separate issues.
The success of the bonds is expected to boost confidence in the economy as government announced last week that it would re-base the economy with $800 million to stabilise the Ghana Cedi, which has depreciated against the dollar since the beginning of January.