Former Finance Minister Mohammed Amin Adam has raised concerns about the current administration's approach to managing Treasury bill rates, questioning whether there is a clear long-term strategy behind the recent declines.
He argued that the drop in Treasury bill rates is not the result of any innovative economic policy but rather the consequence of excess liquidity in the system.
According to Amin Adam, the government's decision to reject some Treasury bill bids is not a calculated financial strategy but a reaction to the influx of funds in the domestic market.
He attributed this surge in demand partly to non-resident investors who, despite IMF restrictions, may be channeling their funds into Ghana's T-bills through local institutions.
