Gov’t borrows GHȼ59.68 billion in 7 weeks from domestic money market

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The Government has borrowed an amount of GH₵59.68 billion from the domestic money market within seven weeks of assuming office this year.

The amount was raised through the issuance of 91-day, 182-day, and 365-day Treasury Bills.

According to Bank of Ghana data, the new Mahama-led administration first accessed the domestic bond market on January 10, 2025, just three days after assuming office, borrowing GH₵8.07 billion.

This was followed by GH₵8.83 billion on January 17 and GH₵8.16 billion on January 24.

On January 31, the Government borrowed GH₵7.99 billion, followed by GH₵7.60 billion on February 7, GH₵9.43 billion on February 14, and GH₵9.60 billion on February 21.

The total amount borrowed within the period sums up to GH₵59.68 billion.

Date Amount
Jan 10 8.07 bn
Jan 17 8.83 bn
Jan 24 8.16 bn
Jan 31 7.99 bn
Feb 7 7.60 bn
Feb 14 9.43 bn
Feb 21 9.6. bn
Total GHȼ59.68 bn
Source: Bank of GhanaALSO READ: