Finance Minister, Dr. Cassiel Ato Forson, has revealed that the government has successfully saved GH₵4.9 billion in interest payments by mid-2025, attributing the achievement to prudent debt management and improved macroeconomic conditions.
Delivering the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson outlined key indicators pointing to a steady economic recovery.
He assured Ghanaians that the country is on a better trajectory and that more positive results are expected in the coming months.
“Mr. Speaker, let me assure this House and the people of Ghana that things can only get better in the coming days,” Dr. Forson stated. “Interest rates have declined, reflecting improved macro conditions.”
Providing specific figures, the Finance Minister noted a significant drop in treasury bill rates across various maturities between December 2024 and June 2025:
- The 91-day treasury bill rate declined from 27.7% to 14.7%
- The 182-day bill fell from 28.43% to 15.34%
- The 365-day bill dropped from 29.95% to 15.76%
He added that 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% over the same period.
“We have indeed saved GH₵4.9 billion on domestic interest payments as of the end of June 2025 due to our prudent debt management policies,” Dr. Forson emphasized.
The Minister’s remarks came shortly after the Minority in Parliament staged a dramatic walkout in protest over the government’s failure to address electoral violence during the recent Ablekuma North by-election.
Minority Chief Whip, Frank Annoh-Dompreh, announced the walkout, citing the government’s silence on the matter and demanding accountability for those responsible.
Speaker of Parliament, Alban Bagbin acknowledged their concerns and suggested scheduling a comprehensive discussion on electoral violence.
However, the Minority proceeded with their exit, stating they could not participate in the day’s proceedings, including the budget review.
Despite the political tension, Dr. Forson’s presentation remained focused on Ghana’s ongoing economic reforms, fiscal discipline, and key indicators showing a gradual return to stability under the IMF-backed recovery programme.
Source: Starrfm.com.gh
