BANK OF GHANA
NOTICE TO PRIMARY DEALERS, BANKS, STOCKBROKERS, AND THE GENERAL PUBLIC
NOTICE NO. BG/TD/2016/14
ISSUANCE CALENDAR FOR GOVERNMENT OF GHANA SECURITIES FOR MARCH 2016
The Bank of Ghana , on behalf of the Ministry of Finance, announces for the information of all Primary Dealers, Banks, prospective investors in the domestic securities market and the general public, the Issuance Calendar for Government of Ghana Securities for March 2016 as follow:
| Instrument |
Amount (GH¢ M)
|
| 91-Day T/Bill | 2,000.00 |
| 182-Day T/Bill | 1,700.00 |
| 1-Year Note | 120.00 |
| 2-Year Note | 300.00 |
| 3-Year Fixed Rate Bond | - |
| 5-Year Fixed Rate Bond | 500.00 |
The aggregate borrowing for the month of February 2016 is GH¢ 4,620.00 million , to cover maturities of GH¢ 3,619.34 million. Net issuance during the month is therefore GH¢ 1,000.66 million.
The frequency of issue o the instrument is as follows:
91-day and 182-day bills will be issued weekly;
1- year note will be issued every two weeks (bi-weekly);
2-year note will be issued monthly, and is open to non-resident investors;
5-year fixed rate bonds will be issued in the last week of the month through the Book-Building process;
It should be noted that:
(i) The Ministry of Finance and the Bank of Ghana reserve the right not to roll-over maturing instruments, and to amend these details as and when the need arises.
(ii) Auction for the 91-day and 182-day Treasury bills, the 1-year and 2-year notes will be conducted on Fridays (or the last day of the working week) and settlement is T+1 (or the first working day of the week following the instruments.
(iii) The Treasury Notes and Bonds may be re-opened to create liquidity in the instruments.
All enquiries on this Notice should be directed to the Head, Treasury Department, Bank of Ghana, Accra.
(Sgd)
CAROLINE OTOO (MRS)
THE SECRETARY
March 11, 2016
Source: Bank of Ghana
