The Minister for Finance, Dr Cassiel Ato Forson, has revealed that government has saved approximately GH¢1 billion following a recent reduction in Treasury bill (T-bill) rates.
He made the announcement during the opening session of the National Economic Dialogue on Monday, March 3, emphasising the significance of this financial relief 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 channeled 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.
