Dr Cassiel Ato Forson, the Minister of Finance, Tuesday said the Government will take steps to reopen the domestic bond market to extend the maturity profile.
The reopening will be executed cautiously to establish large-sized benchmarks bond that will enhance market liquidity.
The Minister said this when he presented the 2025 Budget Statement and Economic Policy to Parliament in Accra, on the theme: “Resetting the Economy for the Ghana We Want.”
He said to further reduce risk on the debt portfolio, the Government would build sufficient cash buffers to support effective implementation of the liability management strategies.
“This will help smoothen the redemption profile and mitigate refinancing/rollover risks associated with the debt portfolio,” he added.
The Government, in 2025 and the medium term, would implement liability management operations to manage the risks imbedded in the Eurobond debt portfolio.
Dr Forson said beginning 2025, the Government would commence the operationalisation of section 37 to 44 of the Public Financial Management Act, 2016 (Act 921) for the first time since the passage of the Act in August 2016 to build sufficient buffers in the Sinking Fund as the landmark reform to manage the public debt.
