{"id":161472,"date":"2015-10-22T09:04:51","date_gmt":"2015-10-22T09:04:51","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=161472"},"modified":"2015-10-22T09:14:59","modified_gmt":"2015-10-22T09:14:59","slug":"govt-contradicts-itself-by-borrowing-domestically-bokpin","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/10\/govt-contradicts-itself-by-borrowing-domestically-bokpin\/","title":{"rendered":"Gov&#8217;t contradicts itself by borrowing domestically-Bokpin"},"content":{"rendered":"<p>Government&#8217;s decision to borrow 1.5 billion cedis from the domestic market contradicts its new debt management strategy as published by the finance ministry.<\/p>\n<p>[contextly_sidebar id=&#8221;87z0ZbL375eMwds71IwJWXwUoWOdPvQy&#8221;]This is according to the head of the finance department of the University of Ghana Business School Dr. Godfred Bokpin.<\/p>\n<p>The Bank of Ghana (BoG) will on \u00a0October 22 issue the 1.5 billion cedi 3 year fixed rate bond.<\/p>\n<p>This comes after government issued a 1 billion dollar Eurobond at a coupon rate of 10.75 percent earlier.<\/p>\n<p>In an interview with Citi Business News, Dr.Bokpin said government&#8217;s move is negatively impacting the private sector.<\/p>\n<p>\u201dI&#8217;m not too sure why this announcement of raising 1.5 billion cedis from the market, already credit is squeezed.\u00a0 Already we have crowded out the private sector &#8220;, he stated.<\/p>\n<p>The debt management division of ministry of finance in its new strategy plans to extend the country&#8217;s debt maturity profile and help free up credit for the private sector.<\/p>\n<p>&#8221; So while the debt management strategy is trying to free up capital for the private sector , the monetary policy is equally mopping up excess liquidity from the market , so it doesn&#8217;t leave the private sector with any hope necessarily&#8221;, Dr.Bokpin added.<\/p>\n<p>&#8211;<\/p>\n<p>By:\u00a0 Rabiu\u00a0 Alhassan\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government&#8217;s decision to borrow 1.5 billion cedis from the domestic market contradicts its new debt management strategy as published by the finance ministry. [contextly_sidebar id=&#8221;87z0ZbL375eMwds71IwJWXwUoWOdPvQy&#8221;]This is according to the head of the finance department of the University of Ghana Business School Dr. Godfred Bokpin. The Bank of Ghana (BoG) will on \u00a0October 22 issue the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":18689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov&#039;t contradicts itself by borrowing domestically-Bokpin - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2015\/10\/govt-contradicts-itself-by-borrowing-domestically-bokpin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov&#039;t contradicts itself by borrowing domestically-Bokpin - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Government&#8217;s decision to borrow 1.5 billion cedis from the domestic market contradicts its new debt management strategy as published by the finance ministry. [contextly_sidebar id=&#8221;87z0ZbL375eMwds71IwJWXwUoWOdPvQy&#8221;]This is according to the head of the finance department of the University of Ghana Business School Dr. Godfred Bokpin. 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