• The new funds are expected to finance government projects outlined in the 2021 Budget and grow the economy in the post-COVID-19 eraThe Issuance Calendar released by the Finance Ministry has revealed that the government of Ghana is set to borrow a little over Gh¢2 billion fresh funds between June and August 2021 to support the economy. According to the calendar, the government plans to issue about ¢21.96 billion, out of which ¢19.86 billion will be used to pay a maturing debt or rollover maturities. The new funds are expected to finance government projects outlined in the 2021 Budget and grow the economy in the post-COVID-19 era. GH¢1.45 billion is expected to be raised via a one-year bill, GH¢1.2 billion will be mobilized through the issuance of the two-year bond. Meanwhile, the government was expected to have borrowed GH¢4.12 billion in fresh funds in the second quarter of this year which will end this month.

Source: GhanaWeb June 14, 2021 16:18 UTC