• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Government to take on more debt in issuance of Ghs 1.3 billion T-bills

4 years ago
in Business, Economy, Editor's pick, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
Treasury Bills - norvanreports

Treasury Bills - norvanreports

60
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Government, will this Friday, July 9, 2021, raise some Ghs 1,305 million in the issuance of its 91, 182 and 364 days treasury bills.

Already, government, in the space of one week has borrowed in excess of Ghs 1,899 million through the issuance of 91, 182 and 364 days treasury bills.

The Ghs 1,305 million to be raised this Friday will be an additional debt taken on by government.

Per data provided by the Bank of Ghana (BoG) with regards to the auctioning of government’s 91, 182 and 364 days treasury bills, total bids tendered in by banks on June 25, 2021, totaled Ghs 1,525 million out of which government accepted Ghs 1,296 million – this is the first part of the Ghs 1,899 million borrowed in a week.

Government, on the following week, July 2, 2021, accepted all bids tendered in for the 91 and 182 day treasury bills. The realised amount was Ghs 735 million below government’s target of Ghs 1,178 million – the second part of the Ghs 1,899 million borrowed by government.

A total of Ghs 603 million and Ghs 132 million in bids were tendered for the 91 day and 182 day T-bills respectively.

The amount to be raised by government will be used to cater for its short-term financing needs.

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

Government’s target to raise the Ghs 1,305 million on the debt market through the issuance of 91, 182 and 364 days T-bills is expected to be issued at a discounted rate of 12.2 percent.

With increased borrowings on the domestic debt market, the country’s public debt stock is expected to rise with domestic debt as a ratio of government’s total debt stock also expected to increase.

Read This: Naira falls at official market despite a significant rise in dollar supply by 128%

Ghana’s total debt stock at the end of March 2021 was Ghs 304.6 billion, compared with the Ghs 292.7 billion at the end of December 2020.

Of the total debt stock, domestic debt was Ghs 163.6 billion (37.7 percent of GDP), while the external debt was Ghs 141.0 billion (32.5 percent of GDP).

Issuance of the 91,182 and 364 day T-bills forms part of plans by government to borrow some Ghs 21.9 billion from the domestic market from June to August this year.

Borrowings made by government within the specified period will largely be made through the weekly and bi-weekly issuance of 91, 182 and 364 days T-bills.

In addition to the T-bills issuance will be the issuance of 2-year and up to 10-year bonds through the book-building method.

According to the Finance Ministry, Ghs 19,864.43 million of the gross amount of Ghs 21,960.00 million to be borrowed will be used to roll over maturities, with the remaining Ghs 2,095.57 million used to meet government’s short-term financing requirements.

Source: norvanreports
Tags: Bank of Ghana (BoG)issuance of Ghs 1.3 billion T-bills
No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.