Finance Minister Dr. Cassiel Ato Forson has announced that Ghana saved GHC4.9 billion in domestic interest payments in the first half of 2025, thanks to a steep decline in Treasury Bill (T-Bill) rates.
Presenting the 2025 Mid-Year Budget Review in Parliament, Dr. Forson attributed the savings to effective debt management strategies and renewed investor confidence in the domestic market.
“The 91-day T-Bill rate dropped from 27.7% in December 2024 to 14.7% by June 2025, a 13.2 percentage point fall,” he revealed.
Other key drops included:
- 182-day T-Bill: From 20.4% to 15.34%
- 364-day T-Bill: From 29.95% to 15.76%
- Ghana Reference Rate: From 28.31% to 24%
- Average lending rate: From 30.3% to 24%
Dr. Forson stated that the interest savings have created fiscal space for critical investments in infrastructure and public services.
“These results show our commitment to fiscal discipline and restoring market confidence,” he emphasized.
