The Government of Ghana plans to raise GH¢75.7 billion from the domestic market between October and December 2025 to meet its public financing needs and refinance maturing debts.
According to the latest issuance calendar released by the Bank of Ghana (BoG), approximately GH¢67.5 billion will be allocated to rolling over maturing securities. Meanwhile, the remaining GH¢8.2 billion is designated for fresh issuance to support government expenditure and fiscal operations for the fourth quarter.
The Central Bank stated that the borrowing will be executed through the regular issuance of 91-day, 182-day, and 364-day Treasury bills, and may include the reopening of existing bonds under the Domestic Debt Exchange Programme (DDEP), depending on market conditions.
The BoG added that this move aligns with the government’s broader debt management strategy aimed at deepening the domestic capital market, extending debt maturity profiles, and enhancing transparency in public borrowing.
