Information gathered by Joy Business indicates that the Bank of Ghana will by the end of this month, May, issue a three year bond.

This will be the third bond to be issued by Government so far for this year. It is also planning to issue a five year bond in June to raise 200 million cedis to pay previous debts that are maturing.

The bond is expected to be opened to both local and foreign investors.

Analysts however believe government might be using the bond to also mop up excess cedis in circulation.

The central bank is also hoping to raise a little over 11 billion Ghana cedis through the sale of government securities from January to September this year.