Joe Jackson

Ghana’s Economy Faces Huge Risks In The Short Term – Analyst
08 Aug

Ghana’s Economy Faces Huge Risks In The Short Term – Analyst

wontumionlineBusiness, , ,
The Ghanaian economy faces huge risks in the short term, a financial analyst, Joe Jackson, has observed. This is despite the assurance by Finance Minister Ken Ofori-Atta that the corner has turned relative to the economic challenges. “The Ghanaian economy faces huge risks in the short term,” he tweed while rejecting Mr Ofori-Atta’s claim of turning the corner. He added “Protect yourself by 1. Reduce expenses – cut unnecessary spending 2. Hold on to your job and income 3. Find alternative sources of income 4. Keep saving 5. Avoid taking on debt.” Mr Ofori-Atta has however insisted that the government…
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Force T-bills Rates Down – Finance Expert To Government
13 Mar

Force T-bills Rates Down – Finance Expert To Government

wontumionlineBusiness, ,
Finance expert and Director of Operations at Dalex Finance, Joe Jackson, wants government to force Treasury bills rates further down to about 15% to reduce its interest costs, and consequently lending rates. The government saved about ¢220 million as interest costs last week for bringing the yield on T-bills down to an average of about 25.50%. The rates went down again to about 22.50% on the average on Friday March 10, 2023. There are also indications that interest on the short term securities’ will fall again in the coming weeks because of the high demand. Mr. Jackson tells Joy Business…
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T-Bills: Government Interest Cost For Last 3 Months Hits ¢4.416bn
03 Mar

T-Bills: Government Interest Cost For Last 3 Months Hits ¢4.416bn

wontumionlineBusiness, , ,
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…
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