Government’s Treasury bills sale were marginally oversubscribed as interest rates hit 29.2%. According to the results from the Bank of Ghana, the government received bids worth ¢2.29 billion, about 4.04% oversubscription. The government had in March 2023 forced interest rates to go down to 18.0% in March 2023, but the rates have been surging since […]
OF every cedi collected in tax revenue this year, more than 55 pesewas will be used to service the debt. When measured against this year’s projected total revenue and grants, debt service cost is estimated to wipe off more than 43 pesewas of every one cedi that will be accrued to the state. This follows […]
The Member of Parliament (MP) for Assin Central, Kennedy Agyapong, has called on commercial banks to reduce interest rates to stimulate economic activity. “Interest rates in Ghana are very ridiculous and make it virtually impossible for local businesses to compete favourably with foreign companies,” he said. Mr Agyapong made the call during an engagement with […]
