Government has postponed the issuance of the 5 year treasury bond.
[contextly_sidebar id=”r7St8O65w9hS1nkPJ6JVcUr6BUSAdvII”]The Minister of Finance, Seth Terkper, early this month announced government will issue five-year treasury bonds to raise GH¢500 million towards infrastructural development in August.
The Government of Ghana bonds, which will be governed by Ghanaian law and listed on the Ghana Stock Exchange, will be available for investment through the Bank of Ghana’s appointed primary dealers.
But a statement from the ministry of finance says the ministry together with the bank of Ghana has postponed the issuance of the bond due to market developments.
According to the finance ministry, the bank of Ghana together with the ministry and book runners are committed to Ghana’s medium to long term debt strategy and will keep the market updated on developments with the issuance.
The Finance Ministry had selected Barclays Bank, Stanbic Bank and Strategic African Securities (SAS) as Joint Book Runners.
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By: Vivian Kai Lokko/citifmonline.com/Ghana