Finance

Government to borrow GH¢38.96 billion from T-bills from July to September

The government expects to raise this amount through the 91-day, 182-day, and 364-day bills.

This is according to the Issuance Calendar for the period July to September released by the Ministry of Finance on August 9, 2023.

The calendar is developed based on the 2023 domestic maturities for the period and the Medium-Term Debt Strategy.

It describes the securities that are intended to be issued in respect of the Government’s Public Sector Borrowing Requirement for the period July to September 2023.

The release stated that: “Reference to the ongoing 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. Please note that the stated gross borrowing amount is indicative to guide the market and may be revised when transaction adverts are published,” parts of the statement noted.

The government added that the issuance calendar may also be updated rolling monthly basis, to reflect a full quarter financing programme.

For the period, Government aims to meet its financing needs through the issuance of Treasury bills as follows:
i. 91-day, 182-day, and 364-day bills will be issued weekly; and
ii. this will be done through the primary auction with settlement being the transaction date plus one working day.

Government expects that the July to September 2023 Calendar meets the requirements of market participants whiles assuring all stakeholders and the public, “that it will continue to strive for greater predictability and transparency in the domestic capital market.”

SSD/DAG

 

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Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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