"T-Bills Auction: Finance Ministry to raise Ghs 1.48 billion for government this Friday"

" \n T-Bills Auction: Finance Ministry to raise Ghs 1.48 billion for government this Friday \n \n\n \n The\u00a0 Finance Ministry \u00a0is seeking to raise for government, some\u00a0 Ghs 1,487 million on the domestic debt market \u00a0in the issuance of\u00a0 91, 182 and 364 days treasury bills . \n \n\n \n The Ministry is expected to raise the aforementioned amount this Friday, November 5, 2021. \n \n\n \n Already the Ministry, on behalf of government in an auction last week - Friday, October 29, 2021 - borrowed some Ghs 560 million in the issuance of 91, 182 and 364 days treasury bills. \n \n\n \n In the week prior to the Ghs 560 million raised, government also raised some Ghs 993 million in the issuance of the short-term dated debt instruments to meet government's short-term financing needs. \n \n\n \n The Ghs 1,487 million to be raised on November 5, 2021, will be an additional debt to be taken on by government and will also be used to finance government's short-term needs. \n \n\n \n The Ministry\u2019s target to raise Ghs 1,487 million on the debt market through the issuance of 91, 182 and 364 days T-bills is expected to be issued at discount rates between 12.1 and 14.1 percent. \n \n\n \n Read: Vodafone permitted by the NCA to run 4G services on Surfline \n \n\n \n With increased borrowings on the domestic debt market, the country\u2019s public debt stock is expected to rise with domestic debt as a ratio of government\u2019s total debt stock also expected to increase. \n \n\n \n Presently, the\u00a0 country\u2019s debt stock stands at Ghs 336 billion\u00a0 representing 76.1 percent of Gross Domestic Product (GDP) with\u00a0 domestic debt accounting for Ghs 168 billion of the total debt stock . \n \n\n \n Read below details of the results of last Friday's - October 29, 2021 - T-bills auction: \n \n\n \n Auctresults-1770 by Fuaad Dodoo on Scribd (function() { var scribd = document.createElement(\"script\"); scribd.type = \"text\/javascript\"; scribd.async = true; scribd.src = \"https:\/\/www.scribd.com\/javascripts\/embed_code\/inject.js\"; var s = document.getElementsByTagName(\"script\")[0]; s.parentNode.insertBefore(scribd, s); })(); \n "

"T-Bills Auction: Finance Ministry to raise Ghs 1.48 billion for government this Friday"

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