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BoG to issue a GH¢300 million 5 year bond
 
Posted on: 15-Aug-2012         Source: citifmonline.com
 
 
 
The Bank of Ghana on behalf of government will issue a GH¢300million five year bond next Thursday.

The August 23 issue will be cedi-denominated and would be available to both resident and non-resident investors.

The yields from the issue will be used to settle government commitments falling due according to a statement by the Bank of Ghana BoG.

In May this year, the three-year bond issued by the Government to finance infrastructural projects was heavily oversubscribed.
In all, the Central Bank is hoping to raise 8.5 million Ghana Cedis for the second and third quarters of this year from the sale of government securities.

This should bring the total amount government wants to raise from the domestic market by September this year to GH¢11.1 million.