Ghana plans to issue 22.3 billion cedi ($3.9 billion) worth of bonds in the first quarter according to the finance ministry’s issuance calendar seen on Monday.

It said 19.7 billion cedi would be used to roll over maturing bonds, while 2.6 billion is fresh issuance to meet the government’s financing requirements.

The calendar showed that the government plans to issue 91-day and 182-day treasury bills weekly, while 364-day treasury bills will be issued every two weeks.

It added that two- and seven-year debt will be issued through the book-building method.

Source: Reuters

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