Government To Depend On T-Bills, Bilateral And Multilateral Financing Over The Next 3 years

Meanwhile, the World Bank has earmarked approximately $3 billion for Ghana, spanning from 2023 to 2026.

Facing constrained access to international capital markets, the Government is set to rely heavily on domestic treasury bills and financing from multilateral and bilateral partners over the 2024-2026 period.

According to projections from the World Bank, Ghana will rely mainly on T-bills, multilateral and other bilateral lenders for financing until 2027, with the nation navigating this period largely through short-term debt instruments and targeted external assistance with a return to medium and long-term domestic bond issuance anticipated by 2025.

Meanwhile, the World Bank has earmarked approximately $3 billion for Ghana, spanning from 2023 to 2026.

This figure includes $1.5 billion for project loans, $1.15 billion for budgetary support, and $400 million for miscellaneous projects.

Concurrently, the African Development Bank is expected to disburse $338 million during the same period, with $200 million allocated for project loans and grants, and $103 million designated for budgetary support through 2024.

On the domestic front, the government has announced plans to raise GH¢78.441 billion from the money market in Q3 2024, with GH¢53.807 billion earmarked for rolling over short-term maturities.

 The remaining GH¢24.633 billion will be new issuances aimed at meeting the government’s financing requirements.

This issuance strategy will primarily involve the sale of 91-day, 182-day, and 364-day bills on a weekly basis through primary auctions.

Source:norvanreports.com

domestic treasury billsinternational capital marketsWorld Bank