Fiscal discipline during election year may have led to some investors failing to put their monies in government’s 20-year bond.

The historic 20-year security has failed to yield the expected revenues by the government despite the good prospects when the sale started.

Government failed to raise the intended GH 450 million cedis but was only able to raise a paltry GH 162 million which was started in June and ends in August.

Some marketers believe that investors are exercising caution due to some concerns about some aspects of our economy in the long run.

Chief Executive of Synergy Ghana Limited, Michael Koblah has been sharing his thoughts about the under subscribed security by the government blaming it on the uncertainties about who wins the 2020 elections.

“There is a price to pay for deposits and there is no point in shooting yourself in the foot because nobody knows how the elections will go

“So if you retain power and you have to deal with the deficit you are going to approach the same investors when you have won and shown that you are going to maintain fiscal discipline”

“So then you are going to have a challenge more challenges as you go into the first couple of years after an election.”

“If there is a change in government the new government is also going to do a clean-up and must come up with an official stance as to what they are going to do.”

“I believe as a country we have gone through a number of experiences which is supposed to make us prudent” he added.

Meanwhile government will deal with the short fall by issuing some short term dated bonds.