HomeNewsGovernment borrows GHȼ59.68 billion in 7 weeks from domestic money market

Government borrows GHȼ59.68 billion in 7 weeks from domestic money market

Since coming into power this year, the government has borrowed GH̼59.68 billion from the local money market.

The 91-day, 182-day, and 365-day Treasury Bills were issued in order to borrow GH̼59.68 billion from the domestic money market in just seven weeks.

Since taking power at the beginning of the year, the new Mahama-led government has borrowed money from the domestic short-term market, also referred to as Treasury Bill Auctions, for seven weeks in a row.

The government initially entered the domestic market on January 10, 2025, three days after taking office, and borrowed GH̼8.07 billion. On January 17, 2025, it borrowed GH̼8.83 billion again. This information comes from the Bank of Ghana.

The government borrowed GH̼8.16 billion once more on January 24 and GH̼7.99 billion on January 31.

On February 7, 14, and 21, the government made three trips to the T-bill market to borrow GH̼7.60 billion, GH̼9.43 billion, and GH̼9.6 billion, respectively.

A breakdown of the government’s borrowing from the domestic bond market in 2025 (via Treasury Bill Auctions) from January 10 to February 21 is provided in the table below:

DateAmount
Jan 10 8.07 bn
Jan 178.83 bn
Jan 248.16 bn
Jan 317.99 bn
Feb 77.60 bn
Feb 149.43 bn
Feb 219.6. bn
TotalGHȼ59.68 bn

Source: Bank of Ghana

Source: myjoyonline.com

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