The Bank of Ghana (BoG) has said the Government of Ghana, for the period between June to August this year, plans to issue securities to the tune of GH¢17,837.87 million (gross), of which GH¢15,806.61 million is to rollover maturities and the remaining GH¢2,031.26 million is fresh issuance to meet Government’s financing requirements.

According to the central bank it expects that the 2020 June to August Calendar will meet the requirements of market participants.

The BoG said “We assure all stakeholders and the general public that we continue to strive for greater predictability and transparency in the domestic bond market.”

A calendar has been released by the BoG for the perusal of the investing public as part of Government’s effort to improve market transparency in the issuance of Government securities.

It  is developed based on the Net Domestic Financing provided in the 2020 Budget, the domestic maturities, the 2020 Annual Borrowing & Recovery Plan (ABRP) and the Medium Term Debt Management Strategy (MTDS) for 2020-2023.

The securities that are intended to be issued in respect of Government’s Public Sector Borrowing Requirements for the period June to August, 2020 shows in the Calendar.

The issuance calendar is expected to be updated by government on a monthly rolling basis, to reflect a full quarter financing programme.

The Calendar furthermore also takes into consideration Government’s liability management programme, market developments (both domestic and international) and the Treasury & Debt Management objective of lengthening the maturity profile of the public debt.