BoG issues 7-year bond

The Bank of Ghana will today issue its first seven year Government of Ghana bond.

Proceeds from the 100 million Ghana Cedi bond is expected to be used to settle maturing debts as well as finance some infrastructure projects.

This is contained in the Government of Ghana’s Securities Calendar from July till the end of the year.

XYZ BUSINESS has learnt that a total of 1.7 billion Ghana Cedis will be raised this month from short and long dated instruments.

This will bring to a total of 14.7 billion Ghana Cedis of debt instruments raised by government this year.

The Central Bank will also issue a 600 million Ghana Cedis bond next month.

Another seven year bond will be issued in November