The Government plans to borrow GH¢75.7 billion from the domestic market between October and December 2025, as part of efforts to meet its public sector financing needs and refinance maturing debts.
According to the latest issuance calendar released by the Bank of Ghana, about GH¢67.5 billion of the amount will go toward rollover maturities, while the remaining GH¢8.2 billion represents fresh issuance to support government expenditure and fiscal operations for the fourth quarter.
The Central Bank says the borrowing will be executed through the regular issuance of 91-day, 182-day, and 364-day Treasury bills, alongside possible reopenings of existing bonds under the Domestic Debt Exchange Programme, depending on market conditions.
It adds that the move aligns with government’s broader debt management strategy aimed at deepening the domestic capital market, lengthening debt maturity profiles, and enhancing transparency in public borrowing.
Funding pressures mount as gov’t falls short of T-Bill target by 30%
