Dr Gideon Boako, Member of Parliament for Tano North Constituency, has disclosed that the Mahama-led government has borrowed GH¢67 billion from the treasury bill (T-bill) market within the first two months of 2025.
In a Facebook post on Sunday, 2nd March, he highlighted the government’s heavy reliance on short-term borrowing.
“As at the end of Friday’s auction, the total borrowing from the T-bill market from January 10th to February 28th is 67 billion cedis,” 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 remain 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 could lead to higher borrowing costs and reduced access to credit for the private sector.
Dr Boako’s comments come at a crucial time, as Finance Minister Dr Cassiel Ato Forson prepares to present the 2025 budget.
Many stakeholders are eager to see whether the government will introduce measures to reduce its 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 just days away, the government is expected to outline its broader economic strategy, including efforts to stabilise public debt.
The coming weeks will be crucial in determining whether alternative revenue measures will be introduced to ease the pressure on the treasury bill market and ensure long-term financial stability.
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