The Minister for Finance, Dr Cassiel Ato Forson, has revealed that Ghana has saved approximately GH¢1 billion following a recent reduction in Treasury bill (T-bill) rates.
He announced during the opening session of the National Economic Dialogue on Monday, March 3, emphasising the significance of this financial reprieve in supporting the nation’s economic recovery.
Dr Forson explained that the savings generated from the lower T-bill rates would be redirected towards critical sectors of the economy to enhance development.
“The recent reduction in T-bills alone is saving Ghana about one billion Ghana Cedis, and that money can be channelled to critical areas of the economy,” he stated.
He stressed that this move was essential in ensuring prudent fiscal management and reducing the cost of borrowing for the government.
According to the Finance Minister, the government remains committed to implementing measures that will promote economic stability and sustainable growth.
He highlighted the need for continuous fiscal discipline, adding that lower borrowing costs would help ease the financial burden on the state and free up resources for productive investments.
Dr Forson urged stakeholders to support ongoing economic reforms aimed at restoring macroeconomic stability.
He noted that while the reduction in T-bill rates was a step in the right direction, further policy interventions would be necessary to strengthen Ghana’s financial position.
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