A research firm, IC Research, has stated that government treasury bills remain a safe investment portfolio for Ghanaians.

According to them, these securities are not part of the Debt Sustainability Analysis conducted for the comprehensive debt restructuring programme, which is nearing the end.

"In view of this reassurances and given our belief that T-bills are sacrosanct for financial stability, we reiterate our view that Ghanaian T-bills remain safe for short-term investments and liquidity management,” IC Research was quoted by myjoyonline.com to have said.

The research firm also noted that Ghana’s total revenue for 2025 is projected at GH¢209.3 billion, about 17.2% of Gross Domestic Product (GDP).

This projection indicates that there will be a slower growth rate of 16.1% as against 33.8% year-on-year estimated for 2024.

It also added that total expenditure on commitment basis is projected at GH¢240.9 billion, about 19.8% of GDP in 2025.

On the other hand, this will represent a sharper slowdown in expenditure growth to 10.4% year-on-year, versus +32.2% year-on-year estimated for 2024.

It said; “While the International Monetary Fund explained that the expenditure forecast assumes full debt restructuring, the Fund also underscored the need to strengthen expenditure controls and implement enhanced fiscal responsibility framework. Within this context, we view the projected drop in expenditure-to-GDP ratio to 19.8% (from 20.7% in 2024) amidst a broadly flat projected revenue-to-GDP ratio of 17.2% as indicating a consolidation based on post-election year expenditure controls.”

SSD/AE

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