Government to reduce T-bill borrowing in 2025 – Databank report

The Ghanaian government is expected to reduce its borrowing from the Treasury bill market in 2025, according to Databank Research.

In their 2025 Ghana Market Outlook report, the financial services firm projects a borrowing of approximately GH?200 billion, down from an estimated GH?220 billion in 2024.

This translates to an average weekly borrowing of GH?3.9 billion, compared to GH?4.2 billion in the previous year.

Databank attributes this decline to “improved access to alternative funding sources and a strategic pivot towards long-term securities.”

This shift aligns with Ghana’s broader economic recovery efforts and increased access to international financial markets, providing the government with greater flexibility in exploring sustainable financing options.

However, the report notes that the transition to long-term instruments is anticipated to take full effect after the first quarter of 2025, as the government will likely continue to rely on short-term funding to navigate maturing debts from the second half of 2024.

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