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    Devise measures to stop fuel price increment  – COPEC to government

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    Government must appoint only qualified persons to energy sector boards – COPEC

    Stakeholders in real estate sector confident of a boost in 2021

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

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    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

    The riser platform stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea, on Tuesday, Dec. 3, 2019. Sverdrup's earlier-than-expected start in October broke a long trend of underperformance for Norway's overall oil production.

    AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant

    Key reforms needed to exceed 1.4% World Bank growth forecast – Economist

    AfCFTA: GUTA calls for access to cheaper credit to be competitive

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    Huawei Watch Fit; The perfect smartwatch for everyone

    A close look at the Huawei FreeBuds 3; World’s 1st open-fit active noise-cancellation earphone

    Ashigbey urges government to revise telecoms industry laws to boost growth

    Blend tech with fashion with the new Huawei Watch Fit

    Kick back and enjoy immersive entertainment for the whole family with the MatePad T 10s

    Cost of political adverts on social media to rise by 200% in next election – Maximus

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    GUTA to commence cross-border trading with Nigeria

    Stakeholders charged to eliminate barriers likely to impede success of AfCFTA

    Ghana can benefit from ‎AfCFTA with hemp production – Business consultant 

    GUTA welcomes Nigeria’s decision to reopen its land borders

    C40 Regional Director for Africa, Mr Hastings Chikoko

    Accra and world’s major cities on track to keep global heating to 1.5°C – Report

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    Devise measures to stop fuel price increment  – COPEC to government

    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Stakeholders in real estate sector confident of a boost in 2021

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Don’t purchase unapproved COVID-19 vaccine – FDA cautions public

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

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    Business gradually booming for traders at University of Ghana as schools reopen [Video]

    Government must appoint only qualified persons to energy sector boards – COPEC

    Inflation for December 2020 rises to 10.4%; still within revised target

    GIPC begins probe into activities of Chy Century Heng Yue Group

    SEC refers CHY Century Heng Yue Group Limited to EOCO

    Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

    The riser platform stands on the Johan Sverdrup oil field off the coast of Norway in the North Sea, on Tuesday, Dec. 3, 2019. Sverdrup's earlier-than-expected start in October broke a long trend of underperformance for Norway's overall oil production.

    AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant

    Key reforms needed to exceed 1.4% World Bank growth forecast – Economist

    AfCFTA: GUTA calls for access to cheaper credit to be competitive

  • TECHNOLOGY

    Huawei Watch Fit; The perfect smartwatch for everyone

    A close look at the Huawei FreeBuds 3; World’s 1st open-fit active noise-cancellation earphone

    Ashigbey urges government to revise telecoms industry laws to boost growth

    Blend tech with fashion with the new Huawei Watch Fit

    Kick back and enjoy immersive entertainment for the whole family with the MatePad T 10s

    Cost of political adverts on social media to rise by 200% in next election – Maximus

    Huawei announces global release schedule of EMUI 11 update

    Experience powerful all-round performance with the New Huawei Y8s

    Hyundai launches first ever electric car in Ghana

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    World Bank plans to invest over US$5 billion in drylands in Africa

    Be proactive to benefit from AfCFTA – AfroChampions urges businesses in Ghana

    GUTA to commence cross-border trading with Nigeria

    Stakeholders charged to eliminate barriers likely to impede success of AfCFTA

    Ghana can benefit from ‎AfCFTA with hemp production – Business consultant 

    GUTA welcomes Nigeria’s decision to reopen its land borders

    C40 Regional Director for Africa, Mr Hastings Chikoko

    Accra and world’s major cities on track to keep global heating to 1.5°C – Report

    Nigeria to re-open land borders soon – President Buhari hints

    World Bank approves $60 million to strengthen resilience of Africa’s agricultural sector

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Gov’t to raise GH¢17.96bn in bonds from domestic market for second quarter

by Pius Amihere Eduku
April 6, 2020
in Banking And Finance, Government, Top Stories
Ken Ofori-Atta, Finance Minister

Ken Ofori-Atta, Finance Minister

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Government is seeking to raise a total of 17.96 billion cedis in bonds, from the domestic market for the period spanning April to June, 2020.

This is about 6% less than the 19.09 billion cedis targeted for the first quarter of 2020, from January to March.

Per the issuance calendar published by the Bank of Ghana, the amount to be raised is to enable government meet its financing needs for the year.

The government is expected to use 13.68 billion cedis representing 76.17% of the amount to roll over or settle some existing debts which are due for payments.

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The remainder, 4.28 billion cedis, representing about 24% will be fresh issuances to finance government’s expenditure plans outlined in the national budget.

According to the calendar, the highest amount, expected to be raised, which is 8.2 billion cedis will be through 91-day Treasury bills.

This is followed by a 364 day Treasury bill which is expected to raise 2.75 billion cedis.

A 3-year bond to be issued in April and June, is expected to raise 1.8 billion cedis altogether.

Like the first quarter issuance, the second quarter will have a 20 year-bond to be issued in June to raise approximately 288 million cedis.

In addition, there will be the issuance of 7 and 10 year bonds in April and June respectively, to raise 800 million cedis each.

While the issuance calendar is in line with the government’s Medium Term Debt Management Strategy for 2020 to 2023, government maintains that the calendar has been developed taking into consideration its liability management programme, market developments (both domestic and international) and the Treasury & Debt Management objective of lengthening the maturity profile of the public debt.

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Business gradually booming for traders at University of Ghana as schools reopen [Video]

Government must appoint only qualified persons to energy sector boards – COPEC

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