Tag Archives: TREASURY

Oversubscription of treasury bills at high interest rates does not make sense – Joe Jackson

The Director of Business Operations at Dalex Finance, Joe Jackson, has bemoaned the high-interest rates on treasury bills in recent times. According to him, it does not make economic sense for the government to be borrowing at such high rates while investors also lend at such high rates. He said …

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We would rather invest in treasury bills than import goods – Traders lament

President of the Automobile Dealers Association of Ghana, Eric Kwaku Boateng, has revealed that most traders in the import business have pledged to withdraw from the trade if the cost of doing business keeps rising. According to him, the high taxes charged on imports have seen a lot of traders …

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Investors shy away from government’s T-bills due to unattractive rates

Investors are shunning government’s short-term debt instruments – the 91-day, 182-day and 364-day Treasury bills – as liquidity on the primary market is strained on the back of unfavourable interest rates on these classes of debt securities. Per the Treasury auction results for April 1, 2022, published by the Bank of …

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T-Bills oversubscribed 96%; interest rates fall

Rates of Treasury securities have fallen as government recorded 96% oversubscription of its latest Treasury bills sale, figures from the Bank of Ghana have revealed. The figures further indicated that investor interest in the government’s short term securities continues to soar, particularly the three-month T-Bills. However, the government’s decision to …

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