The Bank of Ghana (BoG) will next week issue a three-year bond to raise an amount of GHC 400 million.<\/p>\n
It will be the third bond issued this year.<\/p>\n
Government in March cancelled plans to issue a 5-year domestic bond worth 300 million cedis without providing any reasons.<\/p>\n
There were reports that government had put on hold the issuance of all short term and medium term bonds to avoid a further spike in already high yields.<\/p>\n
Ghana this year plans to issue a series of short- and medium-term debt as part of government’s debt restructuring.<\/p>\n
They included a 3-year bond, 5-year bond and a 7-year bond auction.<\/p>\n
But the 5-year bond was put on hold early this year.<\/p>\n
However a notice from the central bank, said government will go ahead to issue a three year domestic bond, worth 400 million cedis on the 31st<\/sup> July, 2014.<\/p>\n The proceeds from the bond which is open to both resident and nonresident investors will be used to fund government\u2019s budget.<\/p>\n Finance Minister Seth Tekper last week asked Parliament to approve a supplementary budget estimate of a little over 3 billion cedis for the 2014 fiscal year to enable government effectively run the affairs of the country.<\/p>\n By: \u00a0Vivian Kai Mensah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The Bank of Ghana (BoG) will next week issue a three-year bond to raise an amount of GHC 400 million. It will be the third bond issued this year. Government in March cancelled plans to issue a 5-year domestic bond worth 300 million cedis without providing any reasons. There were reports that government had put […]<\/p>\n","protected":false},"author":14,"featured_media":2814,"comment_status":"closed","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":[4],"class_list":["post-33303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33303","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=33303"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/2814"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}