The Ghanaian government is expected to borrow around GH₵200 billion from the Treasury bill (T-bill) market in 2025, according to Databank Research. This marks a decrease from an estimated GH₵220 billion in 2024, reflecting a reduction in short-term borrowing.

The forecast suggests an average weekly borrowing of GH₵3.9 billion in 2025, down from GH₵4.2 billion in the previous year. Databank Research attributes this decline to improved access to alternative funding sources and a strategic shift towards long-term securities as part of Ghana’s ongoing economic recovery.

The shift is expected to fully materialize after the first quarter of 2025, as the government looks to take advantage of increased access to international financial markets. This would provide more flexibility for sustainable financing options.

“Improved access to international funding and positive signs of economic recovery are likely to influence the government’s move toward longer-term financing options,” said Databank Research in its 2025 Ghana Market Outlook report. “However, demand for short-term funding may remain elevated in the first quarter due to refinancing needs from previous high uptakes in the second half of 2024.”

Source:TheDotNews