The Government of Ghana intends to raise GH¢75.7 billion from the domestic market between October and December 2025 to finance public sector operations and roll over maturing debts.
This is according to the latest issuance calendar released by the Bank of Ghana.
Out of the total amount, approximately GH¢67.5 billion will be used to refinance existing maturities, while GH¢8.2 billion represents fresh borrowing to support government spending and fiscal activities for the final quarter of the year.
The Bank of Ghana indicated that the funds will be raised through the issuance of 91-day, 182-day, and 364-day Treasury bills. It also noted that some existing bonds under the Domestic Debt Exchange Programme (DDEP) may be reopened, depending on liquidity and market conditions.
The move, the Central Bank added, is consistent with the government’s debt management strategy, which seeks to deepen the domestic capital market, extend the maturity profile of public debt, and enhance transparency in borrowing activities.
