Government has successfully issued its 5 year cedi denominated Treasury bond.<\/p>\n
Government was looking to raise about 516.5 million cedis but received a subscription of about 644 million cedis.<\/p>\n
[contextly_sidebar id=”qhX8rwrHwLaLcUOylfNrBKmAoR4qaH3D”]It however accepted 35 out of a total of 47 bids received which culminated to over 516 million cedis.<\/p>\n
The subscription was 127.5 million cedis more than the expected.<\/p>\n
This represented a subscription ratio of 1.25 times higher than the expected number of bids.<\/p>\n
The bond which matures on November 23, 2020 was issued at a rate of 24 percent.<\/p>\n
Meanwhile some analysts who have been speaking to Citi Business News<\/strong> say fiscal discipline by the government will largely help it meet its target of reducing the country\u2019s debts as it borrows from the domestic market.<\/p>\n \u201cI like what the government is doing towards that (long term domestic market) but the fiscal discipline needs to be improved.\u201d Chief Executive of Databank Group, Kojo Addae-Mensah said.<\/p>\n Kojo Addae-Mensah however commended government for shifting attention to long term bonds on the domestic market.<\/p>\n \u201cAt least they are looking at long term borrowing now that is a positive sign. They are not crowding out the short term market anymore so the idea is to refinance the short term market and refinance it with the long term. I like the signal, the positive of it, and the fact that it is five years. It is good I wish they will do more of the long term bonds than go out for Euro bonds and the like.\u201d He stated.<\/p>\n It is still unclear how government intends to spend the amount it has so far\u00a0realized.<\/p>\n –<\/p>\n By: Pius Amihere Eduku\/citifmonline,com\/Ghana<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Government has successfully issued its 5 year cedi denominated Treasury bond. Government was looking to raise about 516.5 million cedis but received a subscription of about 644 million cedis. [contextly_sidebar id=”qhX8rwrHwLaLcUOylfNrBKmAoR4qaH3D”]It however accepted 35 out of a total of 47 bids received which culminated to over 516 million cedis. The subscription was 127.5 million cedis […]<\/p>\n","protected":false},"author":14,"featured_media":37044,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[19],"tags":[21,4],"class_list":["post-171027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-psychiatric","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/171027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=171027"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/171027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/37044"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=171027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=171027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=171027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}