Prime News Ghana

Govt to borrow ¢4.59bn fresh loans in quarter 2, 2022

By PrimeNewsGhana
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Government will borrow ¢4.59 billion as fresh funds in the second quarter of this year to finance part of its budget.

This will however be higher than the ¢3.78 billion borrowed in the first three months of 2022.

From the Issuance Calendar, the entire ¢4.59 billion is expected to be mobilise from the domestic market, though non-resident investors can take part in some of the bonds that will be issued.

In all, government plans to issue a total amount of ¢24.69 billion, of which ¢20.10 billion is to rollover maturities.

Chunk of the monies to be borrowed will come from the 91-day and 182-day Treasury bills.

READ ALSO : Bawumia lists factors accounting for Ghana's high debt

Whilst the three and six-months bill will be issued weekly, the one-year bill will be issued bi-weekly. There will also be some issuances of medium to long term bonds.

According to the Bank of Ghana, government expects the 2nd quarter calendar to meet the requirements of market participants.

Again, government is assuring all stakeholders and the public that it will continue to strive for greater predictability and transparency in the domestic bond market.