T-bills auction sees 45.9% under subscription for the first time in weeks
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Ghanaweb, did you say 45.9% under subscription?? It's a shame, your arithmetic is so poor!!!
Pls do your calculations well.the figure is correct.
Investors are not fools to purchase a Treasury bill at the rate of 15% when inflation rate is 23%. This is just the beginning of demonstrating to Ato Forson that investors are not fools and cannot be taken for granted.
We're not going back to the days of 35% interest rate. We should cut down on the borrowing and the waste. If investors don't like less than 20% interest rate, let them go and invest in the private sector.
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Investors should note that the government is robbing them of their money. Do not buy the treasury bill again, invest the money in lands, farms, just buy a car and park it in safe place etc.
Why is the monetary policy rate in Ghana 27% instead of around 2.65% in Europe and 4.5% in US? What at all do we learn from the western world after years of interactions? What at all is wrong with the blacman? How do we exper ...
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