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

Accra, Ghana © Unsplash
  • 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.

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