E-Levy deductions to start in May this year, Ofori-Atta
As part of plans to finance
Read full articleits 2022 budget, government is set to borrow an amount of GH¢4.59 billion in the second quarter, myjoyonline has reported.
This amount is higher than what was borrowed by government [GH¢3.78 billion] in the first three months of the year.
Monies from 91-day and 182-day Treasury Bills are what government will borrow from, the report stated.
According to the report, "the entire GH¢4.59 billion is expected to be mobilised from the domestic market per the Issuance Calender."
"In all, government plans to issue a total amount of GH¢24.69 billion, of which GH¢20.10 billion is to rollover maturities," the report added.
According to the Bank of Ghana, government expects the 2nd quarter calendar to meet the requirements of market participants.
Again, government is assuring all stakeholders and the public that it will continue to strive for greater predictability and transparency in the domestic bond market.
Meanwhile, the Monetary Policy Committee of the Bank of Ghana has increased the policy rate by 250 basis points from 14.5% to 17.5%.
The increase came on the back of rising inflation and also to restore the credibility of monetary policy to boost investor confidence.
