ACCRA, (Xinhua) --
The Government of Ghana targets to raise a total
of 17.43 billion Ghana cedis (4.07 billion U.S. dollars) in its
domestic bonds to be issued during the third quarter (Q3) of
According to the
Issuance calendar of the Ministry of Finance sighted here on
Monday, 14.15 billion cedis (3.25 billion dollars) of the total
targeted amount will be used to roll over some maturing debts.
“The remaining 3.27
billion cedis (750 million dollars) are fresh issuance to meet
government’s financing requirements,” the calendar explained.
raised a total of 17.4 billion cedis (4.1 billion dollars) from
the domestic market in the first quarter while raising 22.25
billion cedis (5.11 billion dollars) during the second quarter
as part of its debt management and public sector financing
One of the key bonds
to be issued during the second quarter will be the 15-Year Fixed
Bond in August, 2017, which will be a Structured Bond to convert
an existing 91-Day Treasury Bills investment by the National
Pensions Regulatory Authority (NPRA) into a 15-year bond.