The Minister of Finance has appealed to commercial banks and financial institutions operating in the country to invest in government securities.
[contextly_sidebar id=”7gW94p8gHystcSgIcPKO4xnAs16BleOe”]According to Finance Minister Seth Terkper government securities is one of the safest portfolios for investment with very high yields.
This comes after government launched a 5 year treasury bond to fund self financing projects which are capital intensive.
Government as part of its debt management strategy is piloting a new method of issuing debt instruments called the book building approach which looks at the medium to long – term instruments only.
Speaking to Citi Business News the Minister of Finance Seth Terkper urged banks and financial institutions to balance their portfolios by investing in the new medium to long term bonds of government.
“Government securities are still safe indeed one of the safest in the country and so we will urge the Banks and financial institutions to look critically into it and balance their investments and not put everything in the short end of investments or look at only high profits in the short only.”
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By: Norvan Acquah – Hayford/citifmonline.com/Ghana