Tag: government bonds
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The current environment doesn’t support additional borrowing – Economist warns gov’t
Economist, Dr. Lord Mensah, has advised government to be measured in its borrowing on both the domestic and international markets. According to him, the current environment does not support borrowing. Government recently accepted all bids tendered to raise GHS751.33 million at a coupon rate of 18.85 percent for a 3-year bond, which settled on 1st…
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BoG reduces cash in circulation with re-opened bonds
The Bank of Ghana (BoG) could be mopping up excess liquidity in the economy with the re-opening of three Government of Ghana bonds. By this, the central bank is seeking to reduce money in circulation to tame inflation and other economic impacts. The settlement for the three bonds is expected to be made today [September…