Finance Minister Dr. Cassiel Ato Forson has revealed that Ghana has saved a significant GH₵4.9 billion in interest payments, thanks to what he described as prudent economic management and effective debt policies.
The announcement was made during the presentation of the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24.
In his address, Dr. Forson highlighted that the country’s macroeconomic environment is showing marked improvement, with falling interest rates and stronger fiscal discipline driving recovery.
He assured Ghanaians that these gains are just the beginning of better days ahead.
“Mr. Speaker, let me assure this House and the people of Ghana that things can only get better in the coming days,” he said, emphasizing that the government’s economic strategy is beginning to yield tangible benefits.
He noted the sharp drop in interest rates on treasury bills and lending, reflecting renewed investor confidence and macroeconomic stability.
Dr. Forson’s remarks come at a time when the government is seeking to sustain momentum under its IMF-backed economic programme, focusing on revenue mobilisation and responsible spending.
The Finance Minister’s tone was confident, positioning the GH₵4.9 billion savings as a milestone in Ghana’s journey to economic resilience.
“Interest rates have declined reflecting improved macro conditions. The 91 day treasury bill has reduced by 13% from 27.7% in December 2024 14. 7% in June 2025. Similar trends were also observed in the 182 days and the 365 days bills, the 182 day bill decreased by 13.1% from 28.43 in December 2024 in 15. 34 in June 2025. The 365 days bills also declined by 14.19% from 29.95 in December 2024 to 15.76 in June 2025. The average lending decarded from 30.3% in December 2024 to 27% in June 2025.”
“The Ghana reference rates fell from 29.31% in December 2024 to 24.0% in June 2025. We have indeed saved GHS4.9 billion on domestic interest payments as end of June 2025 due to our prudent debt management policies.”
The session was, however, marked by political tension, as the Minority in Parliament staged a walkout ahead of the presentation.
They cited the government’s alleged failure to address recent electoral violence during the Ablekuma North by-election as their reason for boycotting the proceedings.
