By: Hamza Lansah Lolly/Baba Issahaq Mohammed
The Minister for Finance, Dr. Cassiel Ato Forson, has revealed that the Mahama administration has received a total of GH₵89.7 billion in Treasury Bill (T-Bill) bids since assuming office on January 10, 2025.
Providing further clarification, Dr. Forson stated that of this total, the government accepted GH₵59.5 billion primarily to roll over inherited debt while rejecting GH₵30.2 billion worth of bids.
He emphasized that the Mahama government’s net borrowing currently stands at GH₵7.1 billion. According to him, this amount serves as a buffer to service maturing debts accrued under the previous New Patriotic Party (NPP) administration led by Nana Akufo-Addo and Dr. Mahamudu Bawumia.
“It is instructive to note that actual debt accumulation under the Mahama government is virtually zero,” Dr. Forson stated.
He further highlighted that the administration’s prudent public debt management strategies have led to a significant decline in the 91-day T-Bill rate, which has dropped from 28.34% to 20.79% within just 50 days.
According to Dr. Forson, this decline is a testament to growing investor confidence in the Ghanaian economy under the leadership of President John Dramani Mahama.
