22
Nov
The government is faced with refinancing a ¢2.83 billion 5-year bond, maturing on November 28, 2022 with 26% of foreign holdings. With the unfavorable pricing conditions, analysts expect the government to present a rollover offer. This is expected to increase the cost of the financial instrument. Also, the government will seek to raise ¢2.17 billion to refinance the upcoming Treasury bills maturities of ¢1.72 billion. Meanwhile, for the first time in six weeks, the government exceeded its auction target. It accepted all bids and raised GH¢1.66 billion in the process. It also exceeded its refinancing obligation by 54%. Analysts believe…