nterest cost on Government of Ghana Treasury bills for the last three months is estimated at GH¢4.416 billion.
This was disclosed by the Executive Director of Dalex Finance, Joe Jackson.
Government reportedly bought a total of GH¢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%.
Government of Ghana bought GH¢33.08 billion in the last three months. The weighted average interest rate was GH¢35.62% and will cost a whopping GH¢4.42 billion,” he noted.
Government’s only source of borrowing, for now, seems to be the treasury market, hence the significant borrowing on the short-term market.
