The Government of Ghana has announced plans to issue a five-year bond to raise GHS 500 million in August.
The bonds would be available for investment through the Bank of Ghana (BoG) appointed primary dealers and be listed on the Ghana Stock Exchange.
Currently, short term debts accounts for about 42 per cent of the total domestic debt.
The Government has appointed Barclays, BoG, Stanbic Bank Ghana and Strategic African Securities as joint book runners to rally investors for the bond.
The book runners approach would be used for medium and long-term securities and would run on a pilot basis alongside the existing central bank auction system.
