Bond market not closed to Ghana, but unattractive to investors – Gideon Boako

Dr. Gideon Boako, MP for Tano North, has stated that Ghana’s bond market remains accessible to the government but has become unattractive to investors due to policy decisions and market dynamics.

Responding to Finance Minister Dr. Cassiel Ato Forson’s budget announcement to reopen the domestic bond market, Dr. Boako refuted claims that the market is closed, instead blaming the government’s approach for discouraging investor participation.

He accused the government of deliberately steering investors toward short-term Treasury Bills (T-Bills) to create an illusion of economic confidence, resulting in an oversubscription of T-Bills and an artificial drop in rates to 19%.

Citing Bloomberg’s negative reaction to Ghanaian bonds post-budget, he argued that proper policy adjustments could restore investor interest in the bond market.