A startling revelation by Dr. Gideon Boako, Member of Parliament for Tano North Constituency, has ignited debate over the government’s fiscal strategy. Apexnewsgh reports
According to Dr. Boako, the Mahama-led government has borrowed a whopping GH¢67 billion from the treasury bill (T-bill) market within the first two months of 2025.
Dr. Boako’s Facebook post on Sunday, March 2, highlighted the government’s heavy reliance on short-term borrowing. “As at the end of Friday’s auction, the total borrowing from the T-bill market from January 10th to February 28th is 67 billion cedis,” he stated.
This massive borrowing has raised concerns about the sustainability of such high levels of short-term borrowing. Treasury bills are a key tool for raising funds, but excessive reliance on them could lead to higher interest rates, inflation, and reduced access to credit for the private sector.
With the 2025 budget presentation just around the corner, stakeholders are eager to see whether the government will introduce measures to reduce its dependence on domestic debt. Finance Minister Dr. Cassiel Ato Forson is expected to outline the government’s broader economic strategy, including efforts to stabilize public debt.
As Ghana prepares to present its 2025 budget, many are watching to see if the government will introduce alternative revenue measures to ease the pressure on the treasury bill market and ensure long-term financial stability.
The coming weeks will be crucial in determining the government’s fiscal strategy and its impact on the country’s economic growth.
Source: Apexnewsgh.com
