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Gov’t Borrows GH¢12.1m For 2nd Quarter   
 
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21-May-2019  
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President Nana Akufo-Addo
 
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Government says it plans to issue a gross amount of GH¢12,100.00 million in securities, of which GH¢11,533.94 million would be used to rollover maturities while the remaining GH¢566.06 million would be fresh issuance to meet government’s financing requirements.

The Issuance Calendar for the second quarter, 2019, intended for April to June, 2019, was developed based on the 2019 Net Domestic Financing (NDF) as stipulated in the 2019 Budget and Economic Policy of Government, domestic debt maturities and the MTDS for 2019-2022.

For April, government sold GH¢1,400 million in 91-day T-bills, GH¢900 million in 182-day T-bills, GH¢250 million in 364-day bills, GH¢600 million 2-year bond and GH¢1,000 million 5-year bond totalling GH¢4,150 million.

For this month, government securities totalling GH¢3,900 million has been planned for sale while for June securities amount to GH¢4,050 million.

A notice from the Central Bank dated 16th may, this year and signed by Frances Van-Hein Sackey, Secretary, said the calendar also took into consideration government’s liability management programme, market developments (both domestic and international) and its debt management objective of lengthening the maturity profile of the public debt.
 
 
Source: Daily Guide
 
 

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