The Government of Ghana has announced plans to raise a gross amount of GH¢75.7 billion from the domestic market between October and December 2025, according to the Bank of Ghana’s latest issuance calendar.
The amount comprises GH¢67.52 billion to refinance maturing debts and GH¢8.18 billion in fresh issuance to meet the government’s net financing requirements for the fourth quarter of the year.
The calendar, released under Notice No. BG/FMD/2025/63, is part of the government’s ongoing efforts to deepen the domestic capital market, enhance transparency, and improve predictability in public debt management.
Per the issuance calendar, the government will continue to issue the 91-day, 182-day, and 364-day Treasury bills through weekly auctions, with settlements occurring one working day after each auction. Additionally, the government may reopen selected Domestic Debt Exchange Programme (DDEP) bonds, depending on market conditions, to support budget execution and improve liquidity on the secondary market.
The Bank of Ghana, in the notice, noted that the issuance strategy aligns with the government’s debt management plan and the Public Debt Management Office’s goal of lengthening the maturity profile of the public debt stock.
The government reaffirmed its commitment to enhancing transparency and predictability in the domestic capital market, assuring market participants of continued engagement and timely publication of issuance data to guide investment decisions.
SOURCE: norvanreports