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
-
52 foreign nationals arrested in Northern Region over human trafficking, cybercrime
9 minutes -
Kofi Kyereh returns to Freiburg training after almost 3 years out
31 minutes -
US Embassy to launch FIFA Pass visa system for World Cup travelers
32 minutes -
13 sex workers arrested in Tamale made to clean market as a deterrent
47 minutes -
Prof Andrew Owusu unanimously elected to represent Africa on World Olympians Association leadership
2 hours -
GPRTU arrest: ‘Not belonging to a union is not a crime’ – Martin Kpebu
2 hours -
Ibrahim Sulemana completes loan return to Cagliari
2 hours -
Prejudicial remarks against Ofori-Atta shameful, hypocritical – Frank Davies
2 hours -
No law allows GPRTU to arrest drivers over fare disputes – Kennedy Osei Nyarko
2 hours -
Update: Fire at Madina Zongo Junction successfully contained
2 hours -
A Closer Look at a 21-Day Religious Fast
3 hours -
NPP’s Osei Nyarko condemns ‘high-handedness’ in crackdown on driver overcharging
3 hours -
Gwollu, Resistance, and Renewal: The living legacy of the Tanjia Musa Fire Festival
3 hours -
Ofori-Atta isn’t scared of criminal prosecution, he will come at the right time – Frank Davies
4 hours -
Firefighters battle blaze at Madina Market
4 hours