The Minister for Finance, Dr. Cassiel Ato Forson, has revealed that Ghana has saved approximately GH¢1 billion following a recent reduction in Treasury bill (T-bill) rates.
Speaking at the opening session of the National Economic Dialogue on Monday, March 3, he emphasized the significance of this financial reprieve in supporting the nation’s economic recovery.
Dr. Forson explained that the savings from the lower T-bill rates would be redirected toward critical sectors of the economy to enhance development.
“The recent reduction in T-bills alone is saving Ghana about one billion Ghana cedis, and that money can be channeled to critical areas of the economy,” he stated.
He stressed that this move was essential for ensuring prudent fiscal management and reducing the government’s borrowing costs.
According to the Finance Minister, the government remains committed to implementing measures that promote economic stability and sustainable growth.
He highlighted the need for continuous fiscal discipline, adding that lower borrowing costs would ease the financial burden on the state and free up resources for productive investments.
Dr. Forson urged stakeholders to support ongoing economic reforms aimed at restoring macroeconomic stability.
He noted that while the reduction in T-bill rates was a step in the right direction, further policy interventions would be necessary to strengthen Ghana’s financial position.
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