Government Re-entry into Domestic Bond Market: ‘Is It a ‘Way Forward’ or a ‘Path to Debt Overhang’?

Executive Summary The Government of Ghana (GoG) officially re-entered the domestic capital market for long-term borrowing on March 2, 2026, following the expiration of a three-year restriction imposed during the 2023 Domestic Debt Exchange Programme (DDEP). This move marks a pivotal shift in fiscal strategy, transitioning from a heavy reliance on expensive, short-term Treasury bills […]

By Isaac Agyei