By Ashiadey Dotse
The government is planning to raise about ₵15.23 billion from the domestic market between March and June 2026 to help finance its budget and manage existing debt.
This was announced in a notice issued by the Bank of Ghana, which outlined the government’s borrowing plans for the period.
According to the notice, the funds will be raised through a mix of short-term treasury bills and medium- to long-term bonds. The money will be used to refinance maturing debts and also support the implementation of the 2026 budget.
The government will continue its regular sale of 91-day, 182-day, and 364-day treasury bills through weekly auctions. However, it also plans to reduce its dependence on short-term borrowing by increasing the issuance of longer-term bonds.
The central bank added that the bond sales will begin after restrictions linked to the Domestic Debt Exchange Programme (DDEP) expire. Payments for these bonds are expected to be settled within two working days.
In addition, the government plans to reopen some existing bonds to improve trading in the secondary market and help create clear benchmark interest rates.
Officials say the issuance calendar is part of efforts to strengthen Ghana’s domestic capital market, improve transparency, and give investors better guidance for planning.
The government also reaffirmed its commitment to making the domestic debt market more predictable, so investors can align their strategies more effectively.
