The Member of Parliament for Tano North Constituency, Dr. Gideon Boako, has raised alarms over the government’s excessive reliance on Treasury bill (T-bill) borrowing, warning that the total amount borrowed from the market is projected to hit GH₵72 billion by March 7, 2025.
Dr. Boako made this revelation while speaking in Parliament on Tuesday, March 4, during the debate on President Mahama’s State of the Nation Address (SONA). He expressed deep concerns over the sustainability of the government’s short-term borrowing strategy, questioning how the state intends to service this growing debt without putting additional pressure on taxpayers.
Fiscal Management Concerns
Dr. Boako criticized the government’s borrowing trend, arguing that it reflects poor fiscal management that could worsen Ghana’s economic situation.
