Finance Minister Dr. Cassiel Ato Forson has revealed that the Mahama administration’s total Treasury Bill (T-Bill) bids since January 10, 2025, have reached GH₵89.7 billion, with GH₵59.5 billion of that amount accepted—mostly as rollovers of existing debt inherited from the previous government.
In a statement, Dr. Forson clarified that the net borrowing currently stands at GH₵7.1 billion, which is primarily intended as a buffer to manage maturing debts left behind by the previous New Patriotic Party (NPP) government under Nana Akufo-Addo and Dr. Mahamudu Bawumia.
Dr. Forson emphasized that the actual debt accumulation under the Mahama administration is “virtually zero,” pointing to the government’s effective debt management strategies as key to the country’s financial stability.
He also highlighted a significant drop in the 91-day T-Bill rate, which has fallen from 28.34% to 20.79% in just 50 days, a shift he attributed to growing investor confidence in the country’s economy under the current leadership.
Source:TheDotNews