Audio By Carbonatix
Government will this week be turning to some local banks and foreign investors to raise some 630 million cedis.
In that regard, the Bank of Ghana is expected to issue a three year bond on behalf of government this Thursday May 21.
Government, according to sources, would be using proceeds from the bond to restructure its debts and settle matured debts.
Industry watchers would be observing the subscription rate of this particular bond after the last bond that government issued was seriously undersubscribed.
Government was hoping to raise some 400 million Ghana cedis, however government got just 168 million Ghana cedis. But the Bank of Ghana, which sold the bonds for the state took only 103 million cedis from investors.
The state earlier this year also paid 22.49 percent on bonds issued.
Latest Stories
-
Volta Regional House of Chiefs renew call on Immigration to remove inland barriers at Sogakope, Asikuma
4 minutes -
Police Christmas special operation: 27 suspects rounded up in Savannah Region
15 minutes -
Seven hospitalised after gunshots disrupt jummah prayers in Ho
27 minutes -
70 mothers receive Christmas hampers from MTN after delivering at KATH
34 minutes -
Let’s prove our readiness power through deeds, not words – Afenyo-Markin to NPP faithful
47 minutes -
Stonebwoy brings the house down at BHIM Festival 2025
52 minutes -
Development flourishes where peace and cooperation prevail – Roads MinisterÂ
54 minutes -
Children enjoy a day of fun and laughter at Joy FM’s Party in the Park 2025
59 minutes -
Joy FM Party in the Park 2025: Shakers Royal Band ignites excitement
1 hour -
MTN Ghana hands over hampers to 25 newly born ‘bronya’ babies at Cape Coast Hospital
2 hours -
Kwanpa Band thrills patrons as Joy FM Family Party in the Park
2 hours -
Lawyer arraigned over alleged GH¢800k excavator fraud
2 hours -
U.S. Commerce flags Ghana’s new mining policy, port delays affecting American firms
2 hours -
This Saturday on Newsfile: Constitution review report and AG’s ORAL drive
2 hours -
Joy FM Party in the Park kicks off as patrons flock in amid growing excitement
3 hours