Private Sector Will Benefit From T-bill Oversubscription - Mona Quartey

Former Deputy Minister of Finance, Mona Quartey, has dismissed concerns raised by the minority regarding the oversubscription of short-term debt instruments, stating that it will ultimately benefit the private sector. The minority had argued that the continued oversubscription of Treasury Bills (T-Bills) could force banks to turn to the foreign exchange market, potentially putting pressure on the cedi.

However, speaking on the matter, on The Big Issue on Channel One TV, on Saturday, March 15, 2025, Mona Quartey explained that the increased demand for government securities is creating opportunities for the private sector to access funds. Actually, there is a pent-up demand from the private sector for these funds. So, we are going to see the commercial banks being able to lend to the private sector.

As we term it, there will be a crowding in of the private sector. In the past, we had a crowd out because the government was in that space; whether it was the NDC government or the NPP government. Now, we will see a private sector crowding into that space because those interest rates are attractive for them,” she stated.