The government of Ghana is projected to borrow approximately GH₵200 billion from the Treasury bill market in 2025, a decrease from the estimated GH₵220 billion borrowed in 2024, according to Databank Research.
This projection translates to an average weekly borrowing of GH₵3.9 billion, compared to GH₵4.2 billion in the previous year.
In its 2025 Ghana Market Outlook report, Databank Research attributes the reduced reliance on short-term borrowing to improved access to alternative funding sources and a strategic focus on long-term securities.
This shift aligns with Ghana’s broader economic recovery efforts and enhanced access to international financial markets, providing the government with more sustainable financing options.
The move toward long-term instruments is expected to be fully implemented after the first quarter of 2025.
