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The Business & Financial Times
July 13, 2021
Ken Ofori-Atta
The government has signaled a limited need for new financing from the domestic debt market, following the announcement of a new issuance calendar for July to September 2021.
The new issuance calendar announced by the Treasury Department of the Ministry of Finance last week indicates that, government intends to issue a gross amount of GH¢23.23 billion, of which about GH¢22.62 billion is to rollover maturities and the remaining GH¢611.94 million is meant for fresh issuance to meet its financing requirement during the period.
In the previous calendar, from June to August 2021, the government intended to raise GH¢ 8.13 billion and GH¢7.13 billion in July and August 2021, respectively. However, in this new issuance calender, after a critical look at market activities in the first half of the year, government now plans to raise GH¢ 8.10 billion and GH¢ 5.78 billion in July and August, respectively.