Business News of 2014-07-22

Gov’t to raise GH¢17b through domestic bonds, treasury bills

Government plans to raise a little over GH¢17 billion through the issuance of domestic bonds and treasury bills for the rest of the year.
This was contained in the issuance calendar for government securities from July to December released by the Bank of Ghana.
The release shows that government through the Central Bank would issue two, 3-year bonds for the next six months -- one later this month and the other in October.
Already, out of the GH¢58.4 billon total public debt stock as at March this year, GH¢28 billion was borrowed locally.
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