Member of Parliament for Tano North, Dr. Gideon Boako, has revealed that the Mahama-led government borrowed GH¢67 billion from the treasury bill (T-bill) market in the first two months of 2025.
In a Facebook post on Sunday, March 2, he highlighted the government’s heavy reliance on short-term borrowing.
“As of the end of Friday’s auction, total borrowing from the T-bill market between January 10 and February 28 stands at GH¢67 billion,” he stated.
The revelation has sparked debate over the government’s fiscal strategy, with concerns about the sustainability of such high levels of short-term borrowing.
Treasury bills serve as a key tool for raising funds to finance government expenditures, but excessive reliance on them could put pressure on interest rates and inflation. Some economic analysts warn that this trend may lead to higher borrowing costs and reduced access to credit for the private sector.
Dr. Boako’s comments come ahead of Finance Minister Dr. Cassiel Ato Forson’s presentation of the 2025 budget, with stakeholders eager to see whether measures will be introduced to curb dependence on domestic debt.
The scale of borrowing so far has raised questions about how the administration plans to manage the country’s fiscal challenges while promoting sustainable economic growth.
With the budget presentation approaching, the government is expected to outline its broader economic strategy, including efforts to stabilize public debt. The coming weeks will be crucial in determining whether alternative revenue measures will be introduced to ease pressure on the treasury bill market and ensure long-term financial stability.
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