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
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Peacefmonline? Government borrows and Government plans to borrow are they the same? You are the people who have given this inward looking Professor from Nigeria to be insulting Ghanaians about our proficiency in the English Language. This is not acceptable at all. Hmmmmm! Hmmmmm!! Hmmmmmm!!!