Finance Minister Dr. Cassiel Ato Forson has clarified that the Mahama administration’s net borrowing stands at GHS7.1 billion.
He explained that this borrowing is mainly to service maturing debts inherited from the previous NPP/Akufo-Addo/Bawumia government.
“For the record, total treasury bill (T-bill) bids received by the Mahama government since January 10, 2025, stand at GHS89.7 billion,” Dr. Ato Forson stated in an X post.
Out of this, GHS59.5 billion was accepted to roll over inherited debt, while GHS30.2 billion was rejected.
Dr. Ato Forson emphasized that actual debt accumulation under the Mahama government is “virtually zero”. He noted that due to the prudent public debt management, the 91-day T-Bill rate has dropped from 28.34% to 20.79% in just 50 days, signaling strong investor confidence.
He urged the public to ignore criticisms and focus on the positive impact of the government’s financial strategies.