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Gov’t plans GHS12bn bond issuance for the second quarter

The Ministry of Finance through the Bank of Ghana has disclosed that it will be issuing GHS12.1 billion worth of bonds and securities between April and June.

According to the second quarter issuance calendar published by the central bank, out of the amount to be issued, GHS11.53 billion will be used to roll over other government bonds which have matured.

The remainder of the bonds, GHS566 million, [4.7 percent] which constitutes fresh issuance — as in the amount that will add up to Ghana’s total public debt – will be used by the government to cater for its financing requirements i.e statutory payments, goods and services etc.

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The bonds will be issued under various instruments including 91-day, 182-day to be issued weekly while a 364-day will also be issued weekly.

There will also be securities from 2-year up to 15 year.

According to the Bank of Ghana, the issuance calendar is in line with the Government’s Medium-Term Debt Management Strategy (MTDS).

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