The Government of Ghana plans to borrow GHC75.7 billion from the domestic market between October and December 2025, as part of efforts to finance public sector operations and refinance maturing debts.
According to the latest issuance calendar released by the Bank of Ghana (BoG), approximately GH¢67.5 billion of the total amount will be used to roll over maturing debts, while the remaining GHC8.2 billion represents fresh borrowing to support government expenditure and fiscal operations in the fourth quarter.
The Central Bank indicated that the borrowing will be carried out through the issuance of 91-day, 182-day, and 364-day Treasury bills, as well as possible reopenings of existing bonds under the Domestic Debt Exchange Programme (DDEP), depending on market conditions.
The BoG emphasised that the plan is consistent with the government’s Medium-Term Debt Management Strategy, which seeks to deepen the domestic capital market, extend debt maturity profiles, and promote transparency in public borrowing.
The new borrowing comes at a time when the government continues to balance fiscal consolidation efforts with the need to stimulate economic growth amid ongoing negotiations with development partners and private investors.
Ghana’s domestic debt market remains a critical source of financing for government operations, particularly following limited access to international capital markets due to elevated borrowing costs.
Source: asaaseradio.com
