Home   >   Business   >   Economy   >   201906
Gov’t Borrows GH¢10,350m For 3rd Quarter   
  << Prev  |  Next >>
Comments ( 1 )     Email    Print
Dr Ernest Addison, BoG Governor
Related Stories
GOVERNMENT HAS announced its plans to borrow a gross amount of GH¢10,350.00 million spanning June to August, this year.

Of this amount, GH¢9,873.37 million would be used to roll over maturities while the remaining GH¢476.63 million would constitute fresh issuance to meet government’s financing requirements.

Government’s recent issuance calendar, which made this known, said for June, it would borrow GH¢1,500 million in 91-day treasury bills (T-bills); GH¢1,050 million in 182-day T-bills; GH¢250 million in 364-day T-bills; GH¢300 million in two-year and another GH¢300 million in two years.

For July, GH¢2,500 million would be borrowed via 91-day T-bills; GH¢550 million in 182-day T-bills; GH¢400 million via 364-day T-bills; GH¢300 million in a three-year bond; GH¢250 million in a five-year bond and GH¢300 million via a 15-year bond.

For August, government intends to borrow GH¢1,400 million in 91-day T-bills; GH¢300 million in 182-day T-bills; GH¢200 million via 364-day T-bills; GH¢200 million via a two-year bond; and GH¢450 million via a 20-year bond.

The Bank of Ghana (BoG) said the 91-day and 182-day treasury bills would be issued weekly,  while the 364-day bill would, however, be issued bi-weekly through the primary auction, with settlement being the transaction date plus one working day.

Also, securities from two-year up to 20-year would be issued through the book-building method, it disclosed.

For the second quarter, government announced it wanted to issue a gross amount of GH¢12,100.00 million in securities, of which GH¢11,533.94 million would be used to roll over maturities while the remaining GH¢566.06 million would be fresh issuance to meet its financing requirements.
Source: Daily Guide

Comments ( 1 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video