The government has announced plans to raise GHS 15.23 billion from the domestic market between March and June 2026, as part of measures to fund the 2026 budget and manage maturing debt commitments.
This is detailed in a Bank of Ghana announcement on the government’s issuance schedule, which lists a variety of medium- to long-term bonds and short-term treasury instruments that will be available during that time.
The announcement states that the anticipated gross issuance will be used to support budget execution and refinance current debt in accordance with the Net Domestic Financing goals specified in the 2026 Budget Statement and Economic Policy.
The primary auction market will continue to be used by the government to issue 91-, 182-, and 364-day Treasury bills every week.
However, by increasing the issuance of medium- to long-term bonds, authorities are attempting to lessen their reliance on short-term securities in line with their debt management policy.
Bond issuances will begin following the expiration of restrictions related to the Domestic Debt Exchange Programme (DDEP), according to the Bank of Ghana, with settlement anticipated within two working days.
In order to improve secondary market liquidity and aid in the creation of benchmark yield curves, the government also intends to reopen current instruments.
The issuance schedule is a component of larger initiatives to improve transparency, expand the domestic capital market, and give investors more precise advance information.
The government has reiterated its commitment to enhancing predictability in the domestic debt market, pointing out that market players will be able to better synchronise their investment strategies throughout the time thanks to the structured schedule.
Source: newsthemegh.com