The government of Ghana is expected to borrow about GH₵200 billion from the Treasury bill market in 2025, according to Databank Research. This is lower than the estimated GH₵220 billion borrowed in 2024.
Databank’s 2025 Ghana Market Outlook report shows that the government will reduce its reliance on short-term borrowing and focus more on long-term financing. On average, the government plans to borrow GH₵3.9 billion weekly in 2025, compared to GH₵4.2 billion in 2024.
The report explains that this change is due to better access to alternative funding sources and Ghana’s ongoing economic recovery. With improved access to international financial markets, the government has more options to secure sustainable funding.
The transition to long-term borrowing is expected to begin after the first quarter of 2025. However, Databank notes that demand for short-term funding might remain high early in the year due to the government’s need to manage debts from 2024.
This shift is part of broader efforts to stabilize the economy and reduce high interest rates on Treasury bills.
