Interest 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%.
In December 2022, the government secured GH¢12.60 billion at an interest rate of 35.72%.
Government seemed to have reduced its appetite for short-term securities in January 2023, mobilising GH¢7.3 billion at a rate of 35.66%.
However, the government borrowing from T-bills significantly shot up to GH¢13.1 billion in February 2023 at an interest cost of 35.50%.
Joe Jackson in a tweet asked, “should you be cautious in buying T-bills?”
Source:Mybrytfmonline.com
