Treasury bill rates in Ghana have seen a historic decline within just 50 days under President John Mahama’s leadership, according to Finance Minister Cassiel Ato Forson.
In a statement shared on social media, Forson highlighted a significant drop across all T-bill tenures, describing the development as unprecedented.
The 91-day T-bill rate has dropped from 28.34% to 20.79%, marking a sharp decline of 760 basis points. Similarly, the 182-day T-bill rate has fallen from 28.96% to 22.98%, reflecting a 600 basis points reduction.
The most substantial decrease was recorded in the 364-day T-bill, which plummeted from 30.17% to 22.69%, a staggering 750 basis points cut.
Tbe finance minister attributed this decline to the economic strategies implemented under President Mahama, using the hashtags #MahamaEffect and #ResettingGhana to emphasize the impact of the administration’s policies.
The drop in treasury bill rates suggests easing borrowing costs for the government and businesses, potentially signaling improved investor confidence and economic stabilization.
However, analysts will be watching closely to assess the long-term implications of these changes on inflation, monetary policy, and overall market dynamics.
This development marks a notable shift in Ghana’s financial landscape, as the country continues to navigate economic reforms under the new administration.
Source: www.kumasimail.com
