[ 2016-02-08 ]

Gov’t to borrow GHC6.03bn this month
Government will once again reach out to investors
both home and abroad for loans to fund its
activities this month.

According to its issuance calendar for the first
half of this year, it intends to borrow a total of
GHC6,030 billion from the money markets through
treasury bills, bonds and notes.

This would comprise maturities of GHC5,553.94
million and net issuance of GHC476.06 million.

Government expects to raise GHC3 billion from
91-Day Treasury Bills, GH¢2.1 billion in 182-Day
Treasury Bills, GHC120 million from 1 year note
and a GH¢300 million from 2-Year note.

Also, a GHC500 million 5-Year Fixed Rate is
expected to be auctioned this month.

A bond issued by government in January, its first
for 2016, was slightly undersubscribed by foreign
investors.
Last month, government borrowed a total of
GH¢4.63 billion from both local and foreign
investors.

GHC2,100 million was scheduled to be collected via
the 91-day T-bill, with GHC1,700 million planned
to be received from the 182-day T-bill.
.

Also, some GH¢120 million was billed to be
contracted via the 1-Year Note, GH¢300 from the
2-Year Note and GH¢500 million from the 3-Year
bond.

For the first half of this year, government
expects to borrow a total amount of GH¢30.47
billion.

Forecast maturities would make up GHC27,779.00
million of the amount to be borrowed while net
issuance would total GHC2,951.00 million.

In 2015, government borrowed about GHC50 billion
through its Issuance Calendar for its securities.

Source - Daily Guide

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