interest cost

Interest cost on Government of Ghana Treasury bills for the last three months (December 2022, January 2023 and February 2023) is estimated at ¢4.416 billion. The government bought a total of ¢33.08 billion worth of T-bills in the last three months. The treasury instruments were sold by government at an average yield of 35%. In December 2022, the government secured ¢12.60 billion at an interest rate of 35.72%. Interestingly, the government in January 2023 reduced its appetite for the short-term securities, mobilising ¢7.3 billion at a rate of 35.66%. However, the government borrowing from T-bills significantly shot up to ¢13.1…