Search

Ghana’s Treasury Bill Issuance Faces Legal Hurdle Amid Parliamentary Standoff

Allen dreyfus Logo
© Allen Dreyfus
  • Supreme Court injunction could halt Treasury Bill auctions, threatening GH₵78 billion ($4.84 billion) borrowing program for 2024
  • Ongoing parliamentary impasse adds to financial uncertainty as government scrambles for alternatives

Accra, Ghana – Ghana’s financial planning faces fresh uncertainty following a Supreme Court application seeking to halt Treasury Bill issuances. The legal challenge, filed on November 11, 2024, by private legal practitioner Jonathan Amable, could disrupt the government’s GH₵78 billion ($4.84 billion) borrowing target for 2024, including a critical GH₵10.8 billion ($621 million) scheduled for the final quarter.

Recent Business

African map. Photo by Joachim Schnürle @ Pixabay
Can Africa really have one central bank by 2026?
Read More »
Musanze, Rwanda. Photo by Dieuvain Musaghi @ Unsplash
Rwanda inflation ticks up to 7.2% as food insecurity and import costs bite
Read More »
Highway Photo @ Pixabay
Ethiopia secures $184mn AfDB grant to plug key gap on Djibouti trade corridor
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights