The Government of Ghana intends to raise GH¢75.7 billion from the domestic market between October and December 2025 to meet its financing obligations and settle maturing debts.
According to the latest issuance calendar released by the Bank of Ghana (BoG), approximately GH¢67.5 billion of the amount will be used to roll over maturing securities, while the remaining GH¢8.2 billion will serve as new borrowing to support government spending and fiscal operations for the final quarter of the year.
The Central Bank indicated that the funds will be mobilized through the issuance of 91-day, 182-day, and 364-day Treasury bills, as well as potential reopenings of existing bonds under the Domestic Debt Exchange Programme (DDEP), depending on prevailing market conditions.
BoG noted that the plan is consistent with government’s medium-term debt management strategy, which seeks to deepen the domestic capital market, extend debt maturities, and promote transparency in public borrowing.
