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Gov’t to borrow GHȼ200bn from T-bill market in 2025 – Report
The government is expected to borrow approximately GH₵200 billion from the Treasury bill market in 2025, representing a reduction from an estimated GH₵220 billion in 2024, according to Databank Research.
This projection reflects an average weekly borrowing of GH₵3.9 billion, down from GH₵4.2 billion in the previous year.
In its 2025 Ghana Market Outlook report, Databank Research attributes the decline in short-term borrowing to improved access to alternative funding sources and a strategic pivot toward long-term securities.
This shift aligns with Ghana’s broader economic recovery efforts and increased access to international financial markets, offering the government greater flexibility in exploring sustainable financing options.
The transition to long-term instruments is anticipated to take full effect after the first quarter of 2025.
“In 2025, we foresee a notable moderation in the Treasury’s demand for money market funding, driven by improved access to alternative funding sources and a strategic pivot towards long-term securities. We expect the ample decline in demand to offer the treasury some space to trim high T-bill yields.
It added that “We project the government to borrow about GHS200bn from the T-bill market in 2025, below our estimate of GHS220bn in 2024, translating to an average weekly uptake of GHS3.9bn versus GHS4.2bn, respectively.”
“With improving access to international funding and most macroeconomic indicators showing signs of sustained recovery, the government may likely pivot towards longer-term financing options. However, this shift is expected to occur after 1Q ’25, as the treasury refinancing needs may keep demand for short-term funding elevated while it navigates maturities from high uptake in 2H ’24,” part of Databank Research’s 2025 Ghana Market Outlook read.
Source: Citinewsroom.com
FOR patrons at a special thanksgiving concert held in honour of parishioners, benefactors and friends at the St. Monica Catholic Rectory at Fan Milk, Accra, Rev. Fr Bonaventure Kweku Quaidoo will continue to be seen as a man of many parts.
Usually seen dressed resplendently in his cassock, Rev. Fr. Bonaventure is known by the faithful as a preacher of the word despite his background in music.
But on this auspicious occasion, the Rector, Rev. Fr Bonaventure Kweku Quaidoo, assumed the role of a conductor of the Central Ceremonial Band of the Ghana Police Service.
In front of the band wielding the conductor’s baton, Rev. Fr Bonaventure conducted the band as they gave a rendition of some of the spiritual hymns of the faithful, thrilling the audience in the event under the theme “An Evening of the Performing Arts in Thanksgiving to Beloved Parishioners, Benefactors and Friends.”
It was attended by the clergy, parishioners and invited guests for an evening that blended sacred reflection with artistic performance.
The Chaplain-General of the Ghana Police Service, DCOP Very Rev. Fr George Arthur, opened the programme with prayer, while the closing benediction was given by Very Rev. Fr. Isaac Ebo Blay, National Director of the Pontifical Mission Society.
A highlight of the evening was a classical performance by Dr Kyoung Ok Kim of the University of Ghana’s School of Performing Arts, who reinterpreted Ghanaian melodies to the delight of the audience.
Ordained in 1990, Rev. Fr Quaidoo is a trained musician and former member of the National Symphony Orchestra. Over the past 35 years, he has served in the dioceses of Tamale, Damongo and Accra, integrating music into his pastoral ministry.
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THE 41st Farmers’ Day was held last Friday in the Volta Region, honouring outstanding farmers that contributed immensely in the sustenance of the country’s food basket.
This year’s celebration was themed “Feed Ghana, Eat Ghana, Secure the Future”, reflecting the government’s emphasis on strengthening food systems, promoting local consumption, and building long-term resilience in the agricultural sector.
It was attended by the President, John Dramani Mahama, Minister of Agriculture, Mr Ernest Opoku, Regional Ministers and Paramount Chief of Asogli State, Togbe Afede XIV.
The week-long observance began on December 1, at the Ho Sports Stadium with the official opening of the 2025 National Agricultural Fair.
An 82 year-old farmer, Mr Opanin Abraham Kwaku Adusei from Kwawu Odumase in the Afram Plains District of the Eastern Region, was adjudged the 2025 National Best Farmer.
President Mahama commended the farmers for their dedication and pivotal role in advancing the country’s agricultural sector.
The Minister of Agriculture, Mr Eric Opoku, also attributed the current food glut to innovation and resilience of farmers.
Established in 1985, Farmers’ Day has grown into one of Ghana’s most significant national events—celebrating the enduring contributions of farmers and fishers to the nation’s development and economic stability.
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