News
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
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New BoG governor can’t engage in official duties – Afenyo-Markin to Mahama
The Minority Leader, Alexander Afenyo Markin has raised concerns over the assumption of official duties by Dr. Johnson Asiamah as Governor of the Bank of Ghana (BoG).
The former Deputy Governor was recently nominated by President John Dramani, on January 31, 2025, to serve as Governor, pending approval by the Council of State.
This follows a formal request by the current Governor, Dr. Ernest Addison, to proceed on leave ahead of his retirement on March 31, 2025.
However, in a letter to President Mahama dated February 4, Minority Leader raised serious concerns with Dr. Asiamah’s assumption of office in the absence of the Council of State.
“Your Excellency, it is my considered view that Dr. Johnson Asiamah should refrain from engaging in official duties at the Bank of Ghana until his nomination has been duly approved by the Council of State. While awaiting confirmation, he can seek any necessary briefings outside the formal assumption of office,” the letter noted.
He added, “I trust that due attention will be given to this matter to uphold the integrity of our institutional processes.”
By Edem Mensah-Tsotorme
Read full statement below
News
Bagbin lifts suspension of four MPs
Speaker of Parliament, Alban Bagbin, has lifted the suspension of four Members of Parliament (MPs) who were suspended after a clash during the vetting session on Thursday, January 30, 2025.
The altercation occurred between Minority and Majority MPs, escalating tensions in Parliament. The disagreement reached a peak after the suspension of the four MPs, triggering a debate over whether the vetting should proceed on January 31, 2025.
Following the suspension, the Minority MPs walked out, leaving only the Majority to continue with the vetting of nominees, including that of MP Samuel Okudzeto Ablakwa, who had already undergone several hours of questioning by the Minority Leader, Alexander Afenyo-Markin.
The lifting of the suspension comes after a review of the incident. The four MPs – Rockson Nelson Dafeamekpor, Frank Annoh-Dompreh, Jerry Ahmed Shaib and Alhassan Tampuli – are now expected to resume their parliamentary duties as normal. The move seeks to restore order in Parliament following the disruptions.
This was after both the majority leader and minority leader appealed to the Speaker of Parliament to lift the ban on the four MPs.
Alban Bagbin said, “So I have lifted the suspension order. I do so instantly and takes effect immediately. The affected Hon. Members are permitted now to enter the precincts of the house. I must say they actually complied with the orders.”
He assured that the investigations will continue, and the House will have the opportunity to make a decision.
He commended the security agencies for their support.
Source : Citinewsroom.com
