Accra, Ghana – March 3, 2025 – Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, announced today that the government has successfully saved approximately GH¢1 billion following a recent reduction in Treasury Bill (T-bill) rates. The announcement was made during the opening session of the National Economic Dialogue, a key platform for discussing the country’s financial future.
Dr. Forson emphasized the importance of this financial relief in accelerating Ghana’s ongoing economic recovery. He highlighted that the savings from the lowered T-bill rates will be strategically redirected into vital sectors, fostering national development.
“The recent reduction in T-bills alone has saved Ghana about one billion Ghana Cedis, which will now be allocated to critical areas of the economy,” he said. “This move is an essential part of ensuring prudent fiscal management and reducing borrowing costs for the government.”
The Finance Minister reaffirmed the government’s commitment to fiscal discipline, emphasizing that lower borrowing costs will help ease the financial strain on the state and free up resources for more productive investments. He called for continued support from all stakeholders in implementing ongoing economic reforms designed to restore macroeconomic stability.
While acknowledging the reduction in T-bill rates as a positive step, Dr. Forson cautioned that more policy measures would be needed to solidify Ghana’s financial position. He underscored the ongoing risks of inflation, currency volatility, and fiscal constraints, all of which threaten the nation’s economic stability.
“While we have made progress, it is clear that our economic challenges are far from over,” Dr. Forson warned. “Difficult decisions remain to ensure long-term stability.”
The National Economic Dialogue, he noted, provides a vital opportunity for stakeholders to reflect on past economic setbacks and propose actionable solutions. He emphasized the need for collective action, fiscal discipline, and a commitment to sound financial policies to address the country’s economic woes.
“This forum allows us to assess where we stand and decide on the best course of action moving forward,” Dr. Forson added, reaffirming the government’s dedication to promoting economic resilience and sustainable growth.
The Finance Minister concluded by urging all participants to actively contribute to the dialogue, stressing that its outcomes would play a critical role in shaping the future of Ghana’s economy.
Source:Mybrytfmonline.com/Gumedzo Isaac Acheampong
