Private sector will benefit from T-bill oversubscription – Mona Quartey

Former Deputy Finance Minister Mona Quartey has dismissed concerns that the oversubscription of short-term debt instruments could negatively impact the economy, arguing that it will ultimately benefit the private sector.

Speaking on The Big Issue on March 15, she explained that the increased demand for government securities is creating room for commercial banks to lend more to private businesses.

According to her, this shift, referred to as a "crowding in" of the private sector, will enhance access to funds, reversing past trends where government borrowing limited private sector financing.