The Bank of Ghana will next week issue a three-year bond to raise funds to pay off government debts that are maturing.

Government, through the Central Bank is hoping to raise 320 million Ghana cedis in the bond issue scheduled for next Wednesday.

The money will be used to settle previous bonds that matured this month and another which is due in May.

Next week’s bond issue will also give investors who want to, an opportunity to re-invest their monies.

This will be the second bond issued by government this year.

A three-year-bond to mobilize 400 million Ghana cedis, to pay debts owed contractors issued in February was oversubscribed.

Joy Business has gathered government will again issue a five-year-bond later this year to also settle another bond set to mature later this year.

Source: Joy Business/Ghana