Finance

DDEP: Government will not include T-bills, it would be suicidal – Fitch

Fitch said it does not see Treasury bills being included in the programme in the near term.

According to the UK-based firm, treasury bills have become the government’s main financing tool, therefore deciding to include it in its exchange programme will be suicidal to its finances.

A Senior Director of Emerging Market and African Sovereign Ratings at Fitch Ratings, Toby Illes, speaking at the Africa Webinar Series titled “Reform and New Challenges in Western Africa” projected that the government will not restructure T-bills.

“We don’t expect T-bills to be restructured. Just given the need for that financing tool, we wouldn’t expect that to be included.

“In Ghana’s case, it is generally very complicated to include that in domestic debt restructuring. I guess the main question is that domestic debt restructuring we would have now is about that the domestic debt restructuring is more about medium-term when actually you move a lot of these maturities down the line,” he said.

Tony Illes said his worry is about the huge domestic debt servicing expected in the years 2027 and 2028 respectively.

He said: “The policy adjustment from now till then is a downward trend. However, as I said when we get to 2027-2028, we would have a huge hung of domestic debt service.”

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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