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T-Bill Rates Drop by 21.1% in First 50 Days of Mahama Administration – Finance Minister Says

8 months ago
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T-Bill Rates Drop by 21.1% in First 50 Days of Mahama Administration – Finance Minister Says 

Finance Minister Dr. Cassiel Ato Forson has announced a significant reduction in Treasury Bill (T-Bill) rates, stating that interest rates on short-term government securities have dropped by a cumulative 21.1% within the first 50 days of President John Mahama’s administration.

In a post on X (formerly Twitter), Dr. Forson highlighted the downward trend across all tenors, attributing it to prudent public debt management measures implemented by the government.

“The 91-day T-Bill rate has declined from 28.34% to 20.79%, marking a 760-basis-point (7.6%) drop, while the 182-day T-Bill rate has fallen from 28.96% to 22.98%, reflecting a 600-basis-point (6%) reduction. Additionally, the 364-day T-Bill rate has dropped from 30.17% to 22.69%, representing a 750-basis-point (7.5%) cut,” he stated.

According to Dr. Forson, the decline in T-Bill rates signals growing investor confidence in the Ghanaian economy.

The reduction in Treasury Bill rates is expected to ease borrowing costs for the government while potentially leading to lower interest rates on loans in the broader economy.

Financial analysts suggest that the downward trend in T-Bill rates may be linked to improved investor sentiment, fiscal consolidation efforts, and better liquidity conditions in the financial market.

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The development is seen as a boost for the government’s efforts to manage public debt and stabilize the economy.

Tags: Mahama AdministrationT-Bill RatesT-Bill Rates Drop by 21.1% in First 50 Days of Mahama Administration – Finance Minister Says

Comments 2

  1. M Harry Yamson says:
    8 months ago

    We cannot add reductions of 7.6%, 6% and 7.5% of three different tenors and claim a cumulative drop of 21.1%. That is wrong in economics, finance and mathematics.

    It is true to say consistent and comprehensive reductions have been recorded across all tenors.

    Reply
  2. F K Y Addo says:
    8 months ago

    Isn’t the finance Minister intending to report that the T-BILL rate has dropped to 21.1%.?
    If my memory serves me right, it was around 24 % in December 2024 for the 91day bill. The ordinary buyer cannot be happy about this.

    Reply

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