Government has outlined plans to mobilise GHS 15.23 billion from the domestic market between March and June 2026, as part of efforts to finance the 2026 budget and manage maturing debt obligations.

This is contained in a Bank of Ghana notice on the Government’s issuance calendar, which details a mix of short-term treasury instruments and medium- to long-term bonds to be offered over the period.

According to the notice, the planned gross issuance will be deployed to both refinance existing debt and support budget execution, in line with the Net Domestic Financing targets outlined in the 2026 Budget Statement and Economic Policy.

Government will maintain the weekly issuance of 91-day, 182-day and 364-day treasury bills through the primary auction market.

However, consistent with its debt management strategy, authorities are seeking to reduce reliance on short-term instruments by scaling up the issuance of medium- to long-term bonds.

The Bank of Ghana indicated that bond issuances will commence after the expiration of restrictions associated with the Domestic Debt Exchange Programme (DDEP), with settlement expected within two working days.

Additionally, Government plans to reopen existing instruments to enhance liquidity in the secondary market and support the development of benchmark yield curves.

The issuance calendar forms part of broader efforts to deepen the domestic capital market, strengthen transparency, and provide investors with clearer forward guidance.

Government has reaffirmed its commitment to improving predictability in the domestic debt market, noting that the structured calendar will enable market participants to better align their investment strategies over the period.