Finance Minister, Ken Ofori-Atta has assured that government will not touch Treasury Bills (T-bills) under the Domestic Debt Exchange Programme.
According to him, it will be suicidal for government’s own finances and fundraising programmes in the future to touch T-bills as part of the programme.
Mr. Ofori-Atta noted that government has conducted a Debt Sustainability Analysis which does not include T-bills.
“We can’t afford to touch it. Let me assure you, Treasury bills will forever remain sacrosanct. Treasury bills are exempted completely. We have done the sustainability analysis. We are not including treasury bills. That is how government funds its operations”, he reaffirmed.
He disclosed this on PM Express Business Edition which will be aired on Joy News at 9pm January 19, 2023 with host, George Wiafe.
Treasury Bills Support
Government has heavily relied on T-bills to fund its operations after it announced in December 2022, that it will embark on Domestic Debt …