Audio By Carbonatix
The Member of Parliament for Tano North Constituency, Gideon Boako, has disclosed that the government’s total borrowing from the Treasury bill (T-bill) market is projected to reach GH₵72 billion by 7th March 2025.
Speaking in Parliament on Tuesday, March 4, during the debate on President Mahama’s State of the Nation Address (SONA), Dr Boako expressed deep concern over the growing reliance on short-term borrowing.
Dr Boako highlighted that the government's increasing dependence on T-bills could have significant economic consequences.
"This level of borrowing from the T-bill market is unsustainable and raises serious concerns about the government's fiscal management. We must ask ourselves—how does the government intend to service this rising debt without further burdening the taxpayer?" he questioned.
He further argued that the borrowing trend was limiting private sector access to credit, creating a crowding-out effect that could stifle economic growth.
"When the government continues to dominate the T-bill market, it reduces the availability of funds for businesses to borrow at competitive rates. This will inevitably slow down private sector expansion and job creation," Dr Boako stated.
Dr Boako, therefore, urged the government to adopt a more strategic approach to debt management.
"We cannot continue down this path. The government must rethink its fiscal strategy and focus on securing long-term, lower-interest financing options. Over-reliance on short-term instruments like T-bills is not a sustainable way to run an economy," he concluded.
Latest Stories
-
Total expenditure as of July 2026 amounted to GH¢147.07bn, 16% below target – BoG
35 minutes -
Total revenue & grants stood at GH¢144.5bn in July 2026, slightly below target – BoG
51 minutes -
Ghana Sports Fund urges sports federations to submit credible proposals and measurable targets
54 minutes -
Sally Rooney books withdrawn in UK over Palestine Action support
1 hour -
Musk says US government may be behind slowdown of Ukraine drone speeds
1 hour -
Picking Chief Justices nearing retirement could give Mahama immense power – Bentil
1 hour -
Netflix to shed 1,000 jobs in steepest cuts since 2022
2 hours -
Burnham had two hospitality dinners with Man City chairman, deleted records show
2 hours -
Semenyo ‘froze’ after alleged racist abuse, court told
2 hours -
‘Shameless’ – Mourinho critical of Vinicius Jr ban timing
2 hours -
Loyalty can outweigh competence in Chief Justice selection – Bentil
2 hours -
Man City suffer as PSG masterclass sets up Champions League win
3 hours -
Customer Service Africa CEO urges business leaders to observe staff and customer interactions
3 hours -
On night of mayhem for Liverpool, Barcola arrives in style
3 hours -
Muzic Mensah finds healing and renewed love in new single ‘WayƐ Late’
3 hours