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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.

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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.

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Source: Citinewsroom.com

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 Heritage Month Ghana trends

From the stables of GTV, the Morning Show team of George Sappor, Thelma Tackie (left) and Clara Mlano (right) added a touch of royalty to the Heritage Month observation with the trio beautifully draped in the rich Kent
From the stables of GTV, the Morning Show team of George Sappor, Thelma Tackie (left) and Clara Mlano (right) added a touch of royalty to the Heritage Month observation with the trio beautifully draped in the rich Kent

Since the institution of the Heri­tage Month celebration in Ghana, it has offered citizens opportuni­ties of a lifetime to learn about their cultures and lifestyles.

Ghana’s version is observed in the month of March, coinciding with the country’s Independence Day celebra­tions on March 6.

Heritage Month features festivals, food fairs, arts, crafts, and music events to highlight the economic and social value of preserving national heritage.

Though a brainchild of the Ghana Tourism Authority (GTA), the celebra­tion has been driven to greater heights by local media with the organisation of several events to create the needed euphoria.

Among the events are the Heritage Caravan and Back To Your Village Food Bazaar pow­ered by Accra-based Citi FM and Citi TV, Wear Ghana Festival and the Gɔbɛ festival powered by 3News.

The Heritage Caravan is a road trip which takes patrons across more than half of Ghana’s regions to offer a distinctive road trip that allows participants to explore the various re­gions of Ghana, providing an up-close encounter with the country’s histori­cal and cultural heritage.

In addition to these roles played by the media, news anchors and other presenters appear on screens immac­ulately garbed in locally made outfits, bringing out the beauty of our tradi­tions.

Today, The Spectator news­paper selected a few of the media personalities that are working to give the cel­ebration a global dimension to project the country.  

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 By Andrew Nortey

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 MoMo vendor 24 murdered at Kwadaso

Mobile money shop
Mobile money shop

 A disturbing crime has shaken the Kwadaso Onion market communi­ty in Kumasi, leaving family and friends grieving the loss of a young life.

Identified only as Junior, a 24-year-old mobile money vendor, was found murdered in his room on Saturday, March 8, 2025.

According to eyewitnesses, Junior had returned home the previous day with a substantial amount of money, over Gh¢20,000.

It was suspected that the killers might have been motivated by the large sum of money in Junior’s posses­sion.

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A police source that confirmed this to The Spectator, said investigation has been launched into Junior’s mur­der, but so far, no arrests have been made.

The Kwadaso community is reeling in shock, calling for justice and an end to the atrocity that has claimed the life of a young and promising individ­ual.

Junior, is believed to be a native of Ejisu Onwe, and was known to his col­leagues and friends as a hardworking and diligent individual who worked at the Kumasi Race Course.

His tragic death serves as a stark reminder of the risks and challenges mobile money vendors faced.

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The incident comes barely a month after Patricia Nimako, a 27-year-old Mobile Money (MoMo) vendor, was shot and killed at Krofrom, Kumasi in the Ashanti region by an unknown assail­ants.

The suspected armed robbers fled with the deceased cell phones and an amount of GH¢10,000 on Thursday, February 13, at approximately 3:00 p.m.

The two armed robbers reportedly stormed the kiosk where the deceased was operating and without any provo­cation shot her dead.

There has not been any arrest yet by the police.

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 From Kingsley E. Hope , Kumasi

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