The Government of Ghana plans to raise GH¢15.38 billion in net domestic financing between October and December 2026 through Treasury bill auctions and medium- to long-term government bond issuance.
The financing programme will also support preparations for bond buybacks involving securities issued under the Domestic Debt Exchange Programme (DDEP), as the government seeks to manage its debt obligations and strengthen public debt sustainability.
The October-to-December borrowing calendar places Ghana’s domestic debt market at the centre of its end-of-year financing strategy. The plan will test whether improving investor confidence can help the government secure longer-term funding without creating additional refinancing pressures.
According to the government, the fourth-quarter financing programme was developed based on projected domestic debt maturities and the outstanding net domestic financing requirement outlined in the 2026 Mid-Year Fiscal Policy Review.
The GH¢15.38 billion target represents net financing, rather than the total value of government securities expected to be issued during the period. It accounts for the government’s financing needs after considering maturing debt obligations.
Treasury bills and government bonds remain important instruments for raising funds from the domestic market to support government expenditure and manage public finances.
The government’s approach to domestic borrowing will be closely watched by investors and financial market participants, particularly as Ghana continues efforts to restructure its debt, manage refinancing risks and maintain economic stability.
The planned bond buybacks are also significant for the country’s ongoing debt management strategy, as authorities seek to address obligations arising from the Domestic Debt Exchange Programme while maintaining confidence in Ghana’s financial markets.
Source: newsthemegh.com