Finance Minister Cassiel Ato Forson has disclosed that total Treasury Bill (T-Bill) bids received by the Mahama administration since January 10, 2025, have reached GH¢89.7 billion.
Providing a breakdown, Dr. Forson stated that GH¢59.5 billion of these bids were accepted, representing rollovers of debt inherited from the previous New Patriotic Party (NPP) administration led by Nana Akufo-Addo and Dr. Mahamudu Bawumia. Meanwhile, the government rejected GHS30.2 billion in T-Bill bids.
He clarified that net borrowing under the Mahama government currently stands at GH¢7.1 billion, primarily serving as a buffer to manage maturing debts accrued by the previous administration.
“For the avoidance of doubt, actual debt accumulation under the Mahama government is virtually zero,” Dr. Forson stated, attributing this to the government’s prudent public debt management measures.
These fiscal strategies have contributed to a significant decline in the 91-day T-Bill rate, which has dropped from 28.34% to 20.79% within 50 days. The Finance Minister described this as a strong vote of confidence by investors in Ghana’s economic direction under the Mahama administration.
The government’s approach to debt management and its impact on the local financial markets is expected to remain a key focus as economic recovery efforts continue.
