The Government plans to borrow GH¢75.7 billion from the domestic market between October and December 2025 to meet public sector financing needs and refinance maturing obligations.
The Bank of Ghana’s latest issuance calendar indicates that approximately GH¢67.5 billion will be allocated to rollover maturities, with the remaining GH¢8.2 billion designated for new issuances to support government spending and fiscal operations in the fourth quarter.
The Central Bank indicates that this borrowing will be carried out through the standard issuance of 91-day, 182-day, and 364-day Treasury bills, along with potential reopenings of existing bonds under the Domestic Debt Exchange Programme, contingent upon market conditions.
Furthermore, it states that this initiative is in line with the government’s comprehensive debt management strategy, which aims to strengthen the domestic capital market, extend debt maturity profiles, and improve transparency in public borrowing.
