Interest rates

Government Records ¢3.15bn From T-bills Sale As Interest Rates Fall
12 Dec

Government Records ¢3.15bn From T-bills Sale As Interest Rates Fall

wontumionlineBusiness, , ,
Following the exemption of Treasury bills from the domestic debt exchange programme, investor interest in the short-term securities continue to rise sharply. This is coming after the government recorded about 73% oversubscription of T-bills sale. According to auction results from the Bank of Ghana, the government obtained a total of ¢3.15 billion from the Treasury bills sale that took place on Friday, December 9, 2022. This shows that demand for the money market instrument is soaring. Though a chunk of the transaction came from the 91-day T-bill, the 182-day bill also recorded some significant sale. This clearly shows that investor…
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Interest Rates Hit 34%; Government T-bills Undersubscribed By 34%
31 Oct

Interest Rates Hit 34%; Government T-bills Undersubscribed By 34%

wontumionlineBusiness, , , ,
Interest rates on government securities shot up to 34% last Friday, October 28, 2022, but government failed to achieve its target in the latest Treasury bills auction. This may be due to investor concern about the probability of a debt restructuring by government before a programme can be secured from the International Monetary Fund (IMF). Despite the rising yield on the treasury market, investors are mindful of the current economic situation in the country. The IMF and the World Bank are yet to outdoor the nation’s debt situation, whether it is sustainable or not, but there are analyses that the…
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Ghana Maintains Highest Interest, Lending Rates Position In Africa
28 Sep

Ghana Maintains Highest Interest, Lending Rates Position In Africa

wontumionlineBusiness, ,
Ghana maintained its highest interest rates, lending rates position among some top African countries, tracked by Pan African bank, Absa Group and Databank Research. According to the data, the country’s 30.1% and 31.3% interest rates on the 91-day and 182-day Treasury bills respectively are also among the highest globally. Again, average lending rates hovering around 35%, ranks Ghana among the highest on the continent T-Bill rates are likely to go up in the coming weeks to compensate investors for the rising inflation.  The rates in the country are presently lower than the inflation rate of 33.9%. This will again push…
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