Government Borrows GHȼ59.68 Billion from Domestic Market in Seven Weeks

In February, the government continued its borrowing spree, raising:• February 7 – GHȼ7.60 billion• February 14 – GHȼ9.43 billion• February 21 – GHȼ9.6 billion

The government’s consistent presence in the Treasury Bill market suggests a strategy to finance its short-term expenditures while potentially addressing budgetary constraints. However, this level of borrowing raises concerns about interest costs and potential pressure on liquidity in the domestic financial sector.

Analysts will be watching closely to see how the government manages its debt sustainability and whether this pattern of borrowing continues in the coming months. The reliance on short-term instruments also raises questions about the government’s long-term fiscal strategy, especially in the face of existing economic challenges.

The table below shows a breakdown of the government's borrowing from the Domestic Bond Market in 2025 (Treasury Bill Auctions) between January 10th - February 21 2025: