The government of Ghana is expected to borrow a total sum of GH¢ 38.96 billion from July to September.
The government is expected to raise the stated through the 91-day. 182-day, and 364-day bills.
This is according to the Issuance Calendar for the period of July to September as released by the Ministry of finance on the August 9, 2023.
The calendar is designed based on the 2023 domestic maturities for the period and the Medium -Term Debt Strategy and it describes the securities that are planned to be issued in respect of the Government’s Sector Borrowing Requirement for the period of July to September, 2023.
In the release it is stated that: Reference to the ongoing Domestic Debt Exchange Programme (DDEP), Government finance from the domestic market will be the issuance of only the treasury bill.
In this view, government plans to issue a gross amount of GH¢ 38,959.63 million for the period of July to September, 2023.
The government also add that the issuance calendar may also be updated rolling monthly basis to reflect a full quarter financing.
In the period, the government aims to meet its financing needs out of the issuance of the Treasury Bills as follows;
- 91 – day, 182 – day and 364 – day bills will issued on weekly basis.
- this will be done out of the primary auction with settlements being the transaction date plus one working day.
Government also expects that the July to September 2023 calendar meets the requirements of the market participants whilst assuring all stakeholders and the public.
