President Nana Akufo-Addo
Government says it plans to issue a gross amount of GH¢12,100.00 million in securities, of which GH¢11,533.94 million would be used to rollover maturities while the remaining GH¢566.06 million would be fresh issuance to meet government’s financing requirements.
The Issuance Calendar for
the second quarter, 2019, intended for April to June, 2019, was developed based
on the 2019 Net Domestic Financing (NDF) as stipulated in the 2019 Budget and
Economic Policy of Government, domestic debt maturities and the MTDS for
2019-2022.
For April, government
sold GH¢1,400 million in 91-day T-bills, GH¢900 million in 182-day T-bills,
GH¢250 million in 364-day bills, GH¢600 million 2-year bond and GH¢1,000
million 5-year bond totalling GH¢4,150 million.
For this month, government
securities totalling GH¢3,900 million has been planned for sale while for June
securities amount to GH¢4,050 million.
A notice from the Central
Bank dated 16th may, this year and signed by Frances Van-Hein
Sackey, Secretary, said the calendar also took into consideration government’s
liability management programme, market developments (both domestic and
international) and its debt management objective of lengthening the maturity
profile of the public debt.
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