By Rukiaytu Musah
Government’s financing during 2024-2026 is expected to be limited to multilateral and bilateral partners and domestic treasury bills. This is due to lack of access to the international market.
In the 8th Ghana Economic update from the World Bank, Ghana will rely mainly on three sources of financing, until 2027.
The World Bank expects to disburse about 3 billion dollars, including about 1.5 billion dollars for project loans, 1.15 billion dollars for budget support, and 400 million dollars for other projects from 2023 to 2026.
Over the same period, the African Development Bank would disburse 338 million dollars, of which 200 million dollars would be earmarked for project loans and grants and 103 million dollars for budget support during 2023 to 2024.
On the domestic side, the World Bank foresees a reintroduction of medium and long-term domestic debt issuance in 2025 as the domestic bond market is restored. Government plans to borrow 78.441 billion cedis from the money market in the third quarter of 2024.
