Read Comments Comments (1)

• REDUCE INT RATE ON BILLS TO REDUCE COST OF BORO 1 year ago

  Why is BOG paying interest rate of 31% on treasury bills when it should have known that the demand for treasury bills are inelastic therefore even when interest rate is reduced to 10% investors will have no options but sti ...
  read full comment

  Why is BOG paying interest rate of 31% on treasury bills when it should have known that the demand for treasury bills are inelastic therefore even when interest rate is reduced to 10% investors will have no options but still invest in buying the bills than to take risk in other investments which are more risky and will not dare to invest to end up losing their capital. .BOG paying 31% to investors becomes the highest interest payments on treasury bills in the world resulting in Ghana being the highest interest rate paid on borrowing thus pushing cost of production of goods and services at higher prices. In Nigeria interest rate on treasury bills is never above 10%.so.why is BOG fixing interest rate above 31%.

  reply