Finance Minister Dr. Cassiel Ato Forson has announced that the government’s prudent debt management and improving macroeconomic environment have saved Ghana GH₵4.9 billion in domestic interest payments by mid-2025.
Delivering the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson assured the nation that Ghana’s economic trajectory is heading in a positive direction.
“Mr. Speaker, let me assure this House and the people of Ghana that things can only get better in the coming days,” he said.
Highlighting a range of fiscal improvements, the Finance Minister reported a sharp decline in interest rates across various treasury bill maturities between December 2024 and June 2025.
The 91-day treasury bill rate dropped from 27.7% to 14.7%, the 182-day bill fell from 28.43% to 15.34%, and the 365-day bill declined from 29.95% to 15.76%.
Dr. Forson also noted improvements in commercial lending conditions. “The average lending rate reduced from 30.3% in December 2024 to 27% in June 2025, while the Ghana Reference Rate fell from 29.31% to 24.0%,” he explained.
He credited these developments to “prudent debt management policies” and a broader effort to stabilize the economy. “We have indeed saved GH₵4.9 billion on domestic interest payments as of the end of June 2025,” Dr. Forson emphasized.
