The Director of Operations at Dalex Finance has strongly emphasized the drawbacks of using treasury bills as a means to finance the country's debts.

According to him, relying on treasury bills, which are short-term debt instruments, to finance long-term debts could lead to a "disaster waiting to happen."

Joe Jackson, as reported by norvanreports, expressed concern over the government's lack of determination in addressing the escalating expenditure, which has resulted in high interest rates in the treasury bills market.

In the government's latest auction, interest rates on treasury bills have reached 30%.

Despite the increasing interest rates, the government has managed to surpass its targets recently.

However, looking ahead to the mid-year budget review, which is scheduled to be presented by the finance minister on July 25, 2023, Joe Jackson, the analyst, is urging the government to be transparent and forthcoming about fiscal matters.

He also called for clarity on the government's strategy to tackle the GH¢60 billion budget deficit