Finance Minister Cassiel Ato Forson has revealed that the Mahama government’s net borrowing stands at GHS7.1 billion as of today, Saturday, March 1.
According to him, this amount is primarily a buffer for servicing maturing debts accumulated by the previous NPP/Akufo-Addo/Bawumia government.
In a post on X, formerly known as Twitter, Dr. Ato Forson disclosed that the government has received a total of GHS89.7 billion in T-Bill bids since January 10, 2025.
Out of this amount, GHS59.5 billion were accepted, representing rollovers of debt inherited by the Mahama government. Meanwhile, GHS30.2 billion worth of bids were rejected.
The Finance Minister emphasized that actual debt accumulation under the Mahama government is “virtually zero”.
He attributed this to the government’s prudent public debt management measures, which have led to a significant drop in the 91-day T-Bill rate.
Ato Forson noted that the 91-day T-Bill rate has decreased from 28.34% to 20.79% in just 50 days, describing this as “an emphatic vote of confidence in the Ghanaian economy by the investor community”
Have a news story, press release, or opinion piece you’d like to share with our audience? We’d love to hear from you! Please reach out to us at editor@metrotvonline.com
