Total T-Bill bids received by the Mahama government since January 10, 2025, stand at GHS89.7 billion.
Of this amount, total T-Bill bids accepted—being rollovers of debt inherited by the Mahama government—stand at GHS59.5 billion, while total T-Bill bids rejected by the government stand at GHS30.2 billion.
For the avoidance of doubt, net borrowing by the Mahama government, as of today, stands at GHS7.1 billion. This is primarily a buffer for servicing maturing debts accumulated by the NPP/Akufo-Addo/Bawumia government.
It is instructive to note that actual debt accumulation under the Mahama government is virtually zero.
The prudent public debt management measures adopted by the Mahama government have led to a record-high drop in the 91-day T-Bill rate, from 28.34% to 20.79% in just 50 days—an emphatic vote of confidence in the Ghanaian economy by the investor community.
Please ignore the naysayers.
