Business News of Friday, 24 January 2020Source: dailyguidenetwork.comGovernment borrows GH¢19,087.87m in first quarterKen Ofori-Atta, Finance MinisterGovernment says it plans to borrow an amount of GH¢19,087.87 million this first quarter, of which GH¢15,685.81 million would be used to rollover maturities, while the remainder of GH¢3,402.06 million goes to take care of government financing. The next Monetary Policy Committee (MPC) meeting scheduled for January 27 to 30, this year, would find out how much the country’s total public debt had reached as at end December last year. In January last year, the total public debt was GH¢176.6 billion, representing 51 per cent of GDP followed by GH¢180.7 billion in February, representing 52.2 per cent of GDP and GH¢198.0 billion in March which represented 57.2 per cent of GDP. For August, it recorded GH¢208.4 billion (60.3 per cent of GDP) and GH¢208.6 billion (60.3 per cent of GDP) in September. It further announced that it may announce tap-ins/reopening of other existing instruments depending on market conditions.

Source: GhanaWeb January 24, 2020 11:26 UTC