Government is likely to get into another bond sale in the coming months following the success of the first bond issued this year. Results of the three-year-bond issued last week to settle debts owed contractors was over-subscribed by more than 80 percent. According to the Head of Treasury at the Bank of Ghana, while government set out to mobilize 400 million Ghana cedis, investors bid a total of 753.7 million cedis. Francis Andoh tells Joy Business though not yet firmed up there could be another issue sometime soon. Mr. Andoh explains the bank decided not to sell beyond the 400 million Ghana cedi target because of the signals it may send to the investor community. “It is not a good market practice to put out a target of GH¢400 million and then once you see a large subscription, you change your target and take much more – the market will not take you serious next time you put out a target,” he stated. Source: Joy Business/Ghana