In line with the Government’s recently released Issuance Calendar for January to March 2024, a substantial GHS 41.3 billion has been allocated to rollover short-term maturities.
This figure represents a significant portion of the GH¢61 billion total amount the Government intends to mobilize via the issuance of T-Bills during the aforementioned period.
The remaining GH¢19.7 billion will be fresh issuances to meet the Government’s financing requirements.
Government aims to meet its financing needs through the weekly issuance of the 91-day, 182-day and 364-day bills.
The Issuance Calendar for the period January to March 2024 forms part of efforts by the Government to deepen the market whilst improving transparency in the issuance of Government treasury bills.
The Calendar is developed based on the 2024 domestic maturities for the period and the Net Domestic Financing (NDF) from the 2024 Budget Statement and Economic Policy.
It describes the securities that are intended to be issued in respect of the Government’s Public Sector Borrowing Requirement for the period January to March 2024.
Source:norvanreports