The International Monetary Fund (IMF) is warning Ghana of elevated gross financing needs—peaking above 16% of Gross Domestic Product (GDP) in 2028—and sizeable refinancing pressures from the concentration of Domestic Debt Exchange Programme-related maturities in 2027–28. According to its Country Report on Ghana, domestic debt vulnerabilities remain elevated, given the heavy reliance on treasury bills and large rollover needs in 2027-28. “A carefully calibrated debt management strategy aimed at a lengthening of maturities through a gradual scaling up of Treasury-bond issuance would help mitigate rollover risks. Monitor Consistency with DSA ParametersIt continued that non-resident participation in the domestic treasury bond market should be closely monitored to ensure consistency with DSA parameters. “Non-resident participation in the bond market is not directly restricted.