{"id":33303,"date":"2014-07-21T12:42:25","date_gmt":"2014-07-21T12:42:25","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=33303"},"modified":"2014-07-21T16:55:32","modified_gmt":"2014-07-21T16:55:32","slug":"bog-to-issue-3-year-bond","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/07\/bog-to-issue-3-year-bond\/","title":{"rendered":"BoG to issue 3-year bond"},"content":{"rendered":"
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":[],"categories":[19],"tags":[4],"yoast_head":"\n