Prime News Ghana

Finance Ministry plans GHS 38.9bn debt issuance in T- Bills from July to September

By primenewsghana
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The Finance Ministry has revealed plans to issue a gross amount of GHS 38.9bn in debt through T-Bills for the period from July to September 2023.

This is per Government’s Issuance Calendar for July to September published by the Finance Ministry on August 9, 2023.

The issuance of the GHS 38.9bn debt will be done solely through T-Bills due to the ongoing domestic debt programme.

“In reference to the on-going Domestic Debt Exchange Programme (DDEP), Government’s financing from the domestic market will be the issuance of only treasury bills. In this regard, Government plans to issue a gross amount of GH¢38,959.63 million for the period, July to September 2023,” noted the Finance Ministry.

The gross borrowing amount it stated, is indicative to guide the market and may be revised when transaction adverts are published.

Government may also update the issuance calendar on a rolling monthly basis, to reflect a full quarter financing programme

“Government expects that the July to September 2023 Calendar meets the requirements of market participants,” the Ministry added.