Finance Minister Dr. Cassiel Ato Forson has reported strong gains in Ghana’s fiscal performance, highlighting significant reductions in Treasury Bill (T-Bill) rates and savings of GH¢4.9 billion in domestic interest payments during the first half of 2025.
Presenting the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson attributed the progress to prudent debt management strategies and renewed investor confidence in the economy.
He noted that the 91-day T-Bill rate had dropped by 13.2 percentage points—from 27.7% in December 2024 to 14.7% in June 2025.
Similarly, the 182-day T-Bill rate declined from 20.4% to 15.34%, while the 364-day T-Bill saw a steep drop from 29.95% to 15.76%, representing a reduction of 14.19 percentage points.
The Finance Minister also reported a fall in the average lending rate in the banking sector from 30.3% to 24%. Additionally, the Ghana Reference Rate dropped from 28.31% in December 2024 to 24% by June 2025.
“These developments signal restored market confidence and the impact of disciplined, effective debt management,” Dr. Forson stated.
He explained that the savings in interest payments had created fiscal space to support key government programmes.
Dr. Forson reaffirmed the government’s commitment to maintaining fiscal discipline while implementing growth-oriented reforms for long-term economic stability.
Source: Adomonline.com
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