Government to come up with GH¢6.03bn through securities

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Dr Henry Wampah, BoG Governor

A total of GH¢6.03 billion will be raised by the Government of Ghana through the Bank of Ghana in securities, alone, in February 2016.

This will include GHS3 billion in 91-day Treasury bill, GHS2.1 billion in 182-day Treasury bill and a GHS120 million 1-year note.

The rest are GHS300 million 2-year note and GHS500m from a 5-year fixed rated bond.

According to a circular by the Bank of Ghana, the aggregate borrowing for the month of February 2016 will cover maturities of GHS5.55 billion.

Net issuance during the month is, therefore, GHS476.06 million.

The Central Bank stated that the auction for the 91-day and 182-day Treasury bills, the 1-year and 2-year notes, will be conducted on Fridays.

The treasury notes and bonds may however be re-opened to create liquidity in the instruments.

According to the latest summary of Financial and Economic Data, Ghana’s public debt stock hit GHS92.2 billion in September 2009, representing 69.1 percent of GDP.

Domestic debt at the end of December 2015 was however GHS38.8 billion, approximately 29.1 percent of GDP.


Source: Ghana/ClassFMonline.com/91.3fm

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