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Ghana has reached a key financial milestone, with Treasury bill rates falling below 20% in March 2025 for the first time in 20 months. The Bank of Ghana announced that the 91-day Treasury bill rate now stands at 17.72%, the 182-day at 18.97%, and the 364-day at 19.98%.
This achievement is a result of the government’s strategy to reduce borrowing costs by rejecting high bids, signaling a cautious but positive step towards economic recovery. The lower interest rates could translate into cheaper loans for businesses and free up funds for essential infrastructure projects.
President John Dramani Mahama praised the drop as a sign of recovery for the economy, which has been struggling under the weight of past debt challenges. However, economic analysts advise caution, as Ghana remains excluded from international markets and inflation continues to pose risks.
The lower rates offer short-term relief, particularly the 91-day bill at 17.72%, while the 364-day rate at 19.98% reflects a cautious return of investor confidence. Though fragile, this development marks a hopeful step toward stabilizing Ghana’s economy and fostering growth.
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