Free Uni Fees Begin, $300M Eurobond Paid, and Guinness Ghana Gets New Owner

asanteyawobed
Jul 4
2 min read

From government disbursements to Eurobond payments and new ownership in the beverage sector, Ghana’s financial landscape continues to shift. Here’s your data-driven roundup.

Treasury Bill Rates Plunge to 3-Year Lows

The yields on Ghana’s short-term government securities have declined sharply year-on-year, reflecting easing inflation and increased investor confidence:

91-day T-bill: 14.57% ; Down 10.22 percentage points from 24.79% on July 4, 2024
182-day T-bill: 15.02% ; Down 11.73 percentage points from 26.75% on July 4, 2024

These sustained drops suggest lower borrowing costs for government and potentially improved market liquidity heading into Q3.

Ghana Pays $300M Eurobond Coupon to Creditors

Ghana has disbursed $300 million to meet its Eurobond obligations under the restructured debt agreement. The payment, facilitated by the Bank of Ghana and international partners, is the third payout since the October 2024 restructuring

With another payment due in August, Ghana signals its continued commitment to honoring debt schedules, key for maintaining international investor trust and stabilizing the Cedi.

“No Fees Stress” Disbursement Reaches 15,000 Students

About 15,000 first-year students have already received financial support under the No Fees Stress initiative, ahead of the official launch by President Mahama in Koforidua.

₵452.9 million has been earmarked to cover academic fees for 156,294 students.
The GETFund is responsible for paying tertiary institutions directly to avoid delays.
Students with disabilities are eligible for free tertiary education, with funding provisions included in the 2025 Budget.

Castel Group Acquires Guinness Ghana Majority Stake

Castel Group has completed its acquisition of an 80.4% stake in Guinness Ghana Breweries PLC from Diageo, marking a major shift in Ghana’s beverage sector.

Guinness Ghana posted a ₵83.9 million net profit, reversing prior losses.
Revenue rose 35.7% year-on-year to ₵1.6 billion.
Castel plans to invest in packaging, distribution, and ready-to-drink categories to enhance market presence.

The company remains listed on the Ghana Stock Exchange, preserving transparency and investor access.

Investor’s Insight!

TOTAL shares are up 130.56% year-to-date (YTD), outpacing the broader market and making the energy giant one of the top-performing stocks of 2025 so far. A strong signal for momentum-driven investors keeping an eye on oil-linked equities.

Stay tuned to the Cedi Board® for real-time updates on Ghana’s financial pulse. From prices and policy to investment tips that help you make sense of the numbers.