Government of Ghana is seeking to raise GH?11,133.91 million in the first quarter of 2018 through debt securities.
Amount GH¢8,961.30 million will be used to rollover maturities.
The remaining GH¢2,164.61 million will be used to meet Government’s financing requirements for the period.
Debt Management Office of the Ministry of Finance issued a statement according to that, about 5 billion cedis in 91 day treasury bills will be issued in January, February and March while a total of 1.8 billion cedis in 182 day treasury bills will also be issued through the period as well.
Meanwhile 1 year and 2 year notes amounting to about 2.5 billion cedis will also be auctioned.
In March and February respectively, a 3 year 600 million cedi and 5 year 1 billion cedi bond will be auctioned.
Figure of the 2018 is much lower than the figure raised by Government in the same period last year.
In the first quarter of 2017 Government announced it will raise 17,400.00 million cedis through bonds and treasury bills and other government securities.
The cash was to be used to turn over forecast maturities, meet financing requirements of the Ghana and build buffers for liability management.
Economists assert the reduction in this year’s figure reinforces Government’s move to reduce the country’s debt stock.
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