Dr Gideon Boako, Member of Parliament for Tano North Constituency, has revealed that the Mahama-led government has borrowed GH¢67 billion from the treasury bill (T-bill) market in just the first two months of 2025.
In a Facebook post on Sunday, March 2, he highlighted the government’s growing dependence on short-term borrowing.
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“As at the end of Friday’s auction, the total borrowing from the T-bill market from January 10th to February 28th is 67 billion cedis,” he stated.
The disclosure has sparked debate over the sustainability of such high borrowing levels, with some economic analysts warning that it could drive up interest rates and inflation while limiting credit access for the private sector.
Treasury bills are a key source of government funding, but excessive reliance on them raises concerns about long-term fiscal stability.
Dr Boako’s remarks come ahead of Finance Minister Dr Cassiel Ato Forson’s upcoming presentation of the 2025 budget. Many are eager to see whether the government will outline measures to reduce its dependence on domestic debt.
