The Institute of Economic Research and Public Policy (IERPP), a policy think tank dedicated to social reform, sound economic management, and responsible governance, has responded to Finance Minister Dr Cassiel Ato Forson on his claim that borrowing primarily serves as a buffer for servicing maturing debts accumulated by the previous New Patriotic Party government.
The Finance Minister, while addressing concerns about the government's borrowing, emphasised that the net borrowing by the Mahama administration stands at GHS7.1 billion. "For the record, total T-Bill bids received by the Mahama government since January 10, 2025, stand at GHS89.7 billion," Dr Forson stated in a recent X post.
He explained that out of this amount, GHS59.5 billion in T-Bill bids were accepted as rollovers of inherited debt, while GHS30.2 billion in T-Bill bids were rejected.
Dr Forson emphasised that the actual debt accumulation under the Mahama government is virtually zero, thanks to prudent public debt management measures.
