Ghana’s Ministry of Finance has dismissed as false claims circulating in sections of the public that the government’s first issuance of a 7-year bond amounted to US$1.8 billion.
In a disclaimer issued by the Ministry, officials clarified that the bond in question was not denominated in US dollars, but rather issued in Ghana cedis.
According to the Ministry, the correct value of the bond is GH¢2.7 billion, which is approximately equivalent to US$240 million—significantly lower than the widely circulated but inaccurate figure of US$1.8 billion.
The Ministry stressed that the misinformation misrepresents the nature and scale of the bond issuance and could mislead the public and investors if left uncorrected.
Authorities have therefore urged the general public, investors, and market watchers to disregard the false claims in their entirety and rely only on verified information from official sources.
The clarification forms part of efforts by the Ministry to maintain transparency and ensure accurate public understanding of government financial instruments and economic activities.
