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The Minister for Finance, Dr. Cassiel Ato Forson, has disclosed that total Treasury Bill (T-Bill) bids received by the Mahama administration since January 10, 2025, amount to GH₵89.7 billion.
Providing further details, he explained that of this total, the government accepted GH₵59.5 billion—largely rollovers of inherited debt—while rejecting GH₵30.2 billion worth of bids.
He clarified that the net borrowing by the Mahama government currently stands at GH₵7.1 billion, primarily as a buffer to service maturing debts accrued under the previous New Patriotic Party administration led by Nana Akufo-Addo and Dr Bawumia.
For the record,
total T-Bill bids received by the Mahama government since January 10, 2025, stand at GHS89.7 billion.
Of this amount, total T-Bill bids accepted—being rollovers of debt inherited by the Mahama government—stand at GHS59.5 billion, while total T-Bill bids…
— Cassiel Ato Forson(PhD) (@Cassielforson) March 1, 2025
“It is instructive to note that actual debt accumulation under the Mahama government is virtually zero,” Dr. Forson stated.
He further stated that the administration’s prudent public debt management strategies have resulted in a sharp decline in the 91-day T-Bill rate from 28.34 per cent to 20.79 per cent within just 50 days.
According to him, this drop reflects strong investor confidence in the Ghanaian economy under the current leadership.
source: myjoyonline.com
