The Government of Ghana is updating the database of all CAP 30 Pensioners on the National Pensions Payroll System.
Cap 30 Pensioners recall that, phase 1 of the biometric Validation of all Pensioners was carried out in June 2016 for the Southern Sector, and conducted by a team of personnel from Controller and Accountant General’s Department and Ministry of Finance. This is phase 2 of the National exercise and covers the remaining five regions (the Northern Sector), namely Ashanti, Brong Ahafo, Northern, Upper East and Upper West.
Pensioners are required to bring along the following documents on the day of the exercise at the centers indicated.
Ghana has priced and will issue its fifth Eurobond of US$750 million at a 9.25% yield. The bond was oversubscribed, with orders exceeding US$4 billion compared to a target issuance size of US$ 750 million. This represents an oversubscription of more than five times indicating the high appetite for Ghana’s credit.
The bond is a back-end amortizing maturity with a weighted average tenor of 5 years. The principal will be expected to be repaid in three installments of US$250 million in September 2020, September 2021 and September 2022. Like the four previous issues, this year’s bond attracted investors from the United Kingdom, Europe, the United States, Middle East and Asia.