Golden Jubilee Savings Bonds. In 2007 the Ghanaian government issued $50 million worth of five-year “Golden Jubilee” savings bonds, available for purchase at approved financial institutions until June 2008, to both Ghanaians living in Ghana and abroad. Its objective was to raise money for infrastructural development projects in all ten regions of the country, raise awareness of the importance of saving, and diversify financial instruments on offer to the market. Holders of the accrual bonds do not receive the fixed 15 to percent interest, compounded semiannually, until redemption. 403 Unfortunately, according to Strategic African Securities Limited (SAS), the lead advisors.
