Mahama Government’s Net Borrowing Stands at GH₵7.1bn – Finance Minister
Finance Minister Dr. Cassiel Ato Forson has revealed that the Mahama administration has received GH₵89.7 billion in Treasury Bill bids since assuming office on January 10, 2025. Of this amount, GH₵59.5 billion was accepted—mostly to roll over inherited debt—while GH₵30.2 billion worth of bids were rejected.Dr. Forson clarified that the government’s net borrowing stands at GH₵7.1 billion, mainly as a buffer for servicing debts from the previous administration of Nana Akufo-Addo and Dr. Bawumia. He emphasized that “actual debt accumulation under the Mahama government is virtually zero.”The Finance Minister highlighted a significant decline in the 91-day Treasury Bill rate, which dropped from 28.34% to 20.79% within 50 days, attributing it to improved investor confidence under the current leadership.