New GH¢2bn cedi-denominated debt to be issued in Q3

The Treasury plans to issue fresh cedi-denominated debts of GH¢1.95billion from July to September 2022.

This is to meet government’s financing requirements, according to the Ministry of Finance.

This forms part of the targeted amount of GH¢23billon for the period.

About GHȼ21.12billion is to roll-over maturities.

Per this calendar, the issuance will be made through debt instruments.

This will include the 91-day and 182-day bills, which will be issued weekly.

The 364-day bill will also issued bi-weekly.

There is much expectation that investor appetite will remain strong this week as the market digests government’s decision to go for IMF support.

source: thebftonline


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