Ghana is so desperate for money that it would pay the most ridicoulous interest rates far above market rates to attract investors to its yield. No wonder we are going HIPC!
Ghana is so desperate for money that it would pay the most ridicoulous interest rates far above market rates to attract investors to its yield. No wonder we are going HIPC!
KB,LONDON 10 years ago
The NDC government is saying everything is going well, but this fundamental indicator contradicts the claims of the government. I fear for this country. Propaganda does not build a nation. Is NDC destroying the country again?
The NDC government is saying everything is going well, but this fundamental indicator contradicts the claims of the government. I fear for this country. Propaganda does not build a nation. Is NDC destroying the country again?
Kotei 10 years ago
The problem with some of you on this site is either you are semi- educated or none at all. The BoG is charged to minimise inflation, and I mean uncontrollable price increases due to too much money in the hands of consumers ch ... read full comment
The problem with some of you on this site is either you are semi- educated or none at all. The BoG is charged to minimise inflation, and I mean uncontrollable price increases due to too much money in the hands of consumers chasing fewer goods. One of its economic tools to take the excess money from the system is to sell bonds and bills etc. with the hope that prices go back down reasonably and it says thank you with a bit of interest or reward . Otherwise consumers with plenty of money can buy anything at any high set price that the poor, you and me, can't afford. Such high prices set by the rich will reign and affect the economic laws of supply and demand. Producers will only supply goods for the few rich, make profit and leave the rest poor out. You and I will starve. Our demand for the produced goods will fall because we can't afford the high prices. I can continue on and on... It will be good if people stop to criticise issues they have scanty knowledge about.
Ada Boy 10 years ago
Its no good news to crow about, infact,it should'nt be published at all.In a nation where bank customers are being charged rates over 20% in this low interest climate around the globe has serous deep-rooted economic woes.
Its no good news to crow about, infact,it should'nt be published at all.In a nation where bank customers are being charged rates over 20% in this low interest climate around the globe has serous deep-rooted economic woes.
kotoo,germany 10 years ago
D0n't throw dust into our eyes
D0n't throw dust into our eyes
Ben 10 years ago
When you factor in inflation, this yield amounts to nothing. Govt should stabilize the Cedis, period and investors will show up.
When you factor in inflation, this yield amounts to nothing. Govt should stabilize the Cedis, period and investors will show up.
Kwaame 10 years ago
Are you kidding me!! Stabilize the cedi and investors will show up? I think you are living on a different planet. For a domestic investor this yield is far better than leaving your money in a bank or keeping it under your mat ... read full comment
Are you kidding me!! Stabilize the cedi and investors will show up? I think you are living on a different planet. For a domestic investor this yield is far better than leaving your money in a bank or keeping it under your mattress. I get you inflation argument, that is pure economics. Common sense tells me that if you sit on your GHC1000 for 3 years and I invest mine in 3-year treasury notes I will be better off.
How do you stabilize the currency? This is the chicken or the egg problem policy makers face. For a country like Ghana that depends on exports, does it matter where the currency is? You need a weaker currency to make your exports attractive. Probably the government should work with band in mind below or above which there could be an intervention.
GHFUO, change ur thinking 10 years ago
THE FOREIGN DIRECT INVESTMENT BECOMES A RESOURCE CURSE IN THE DEVELOPING WORLD. WHEN THE REVENUES ACCUMULATED FROM THE SALE AND EXPORT OF THESE
NATURAL RESOURCES ARE TRANSFERRED AND STOLEN INTO THE PRIVATE BANK ACCOUNTS OF ... read full comment
THE FOREIGN DIRECT INVESTMENT BECOMES A RESOURCE CURSE IN THE DEVELOPING WORLD. WHEN THE REVENUES ACCUMULATED FROM THE SALE AND EXPORT OF THESE
NATURAL RESOURCES ARE TRANSFERRED AND STOLEN INTO THE PRIVATE BANK ACCOUNTS OF THESE CORRUPT GOVTS. THERE IS ALSO A LACK OF ACCOUNTABILITY AND
TRANSPARENCY IN HOW THESE REVENUES ARE USED. ANOTHER REASON FOR THIS RESOURCE CURSE IS WHEN THE CURRENCY VALUE OF THESE RESOURCE RICH NATIONS ARE OVERVALUED.
WHEN THIS IS ALLOWED TO OCCUR, IT HAS A NEGATIVE EFFECT ON THE AMOUNT OF RESOURCE EXPORTS.
ACCRAMAN 10 years ago
With all this oil money in the system, why will the banks be paying folks such high interest rates on T-Bills.
With all this oil money in the system, why will the banks be paying folks such high interest rates on T-Bills.
Kwaame 10 years ago
It is not the banks paying high interest rates. Treasury bills are issued by the Bank of Ghana (should say government) to finance budget deficits, and other projects the government is undertaking.
It is not the banks paying high interest rates. Treasury bills are issued by the Bank of Ghana (should say government) to finance budget deficits, and other projects the government is undertaking.
Kwaame 10 years ago
Why did they publish this article with the picture of governor? I am sure he (BoG governor) is not happy about the high yield on our bonds. Shame on the author who does not even offer us any insight. Are our leaders proud of ... read full comment
Why did they publish this article with the picture of governor? I am sure he (BoG governor) is not happy about the high yield on our bonds. Shame on the author who does not even offer us any insight. Are our leaders proud of the current state of our economy? They should cry. When your credit rating is approaching junk status the only compensation for the risky investor is a hugely discounted bond.
Ada Boy 10 years ago
They are stupid,risk aversion driving yields on bonds issued by Ghana and very high.It simply means you are buying junk bonds.This is not a record anyone would envy.
They are stupid,risk aversion driving yields on bonds issued by Ghana and very high.It simply means you are buying junk bonds.This is not a record anyone would envy.
Natural Mystic 10 years ago
It is no good news for Ghana dear for the following reasons:
1. Expectations of high inflation have to be compensated by high yields
2. Since Ghana is not a country with high wealth, generally its bond should have a highe ... read full comment
It is no good news for Ghana dear for the following reasons:
1. Expectations of high inflation have to be compensated by high yields
2. Since Ghana is not a country with high wealth, generally its bond should have a higher yield.
3. Could be the country's weak net international investment position and its current account deficit will increase government bond yields and
4. The country's foreign debt could be slowing GDP growth and thereby increasing government bond yields. Bond holders - especially the normal risk-averse one - wants protection against risks such as currency fluctuations.
ea 10 years ago
This indicates how weak our economy has become! Wake up, Ghana!
This indicates how weak our economy has become! Wake up, Ghana!
Sol Properties 10 years ago
Are you looking to rent out or sell your property in the UK or in Ghana? Contact Sol Property Services on +442088583108 or email us on info@sol-properties.com
Are you looking to rent out or sell your property in the UK or in Ghana? Contact Sol Property Services on +442088583108 or email us on info@sol-properties.com
sheila 10 years ago
The extent to which the interest one gains can stretc and and go is another issue, not how much percentage one get. What is the point in high interest rate which cannot last a day???????????
The extent to which the interest one gains can stretc and and go is another issue, not how much percentage one get. What is the point in high interest rate which cannot last a day???????????
Jade 10 years ago
Good for filthy rich political elites. No news for our young unemployed graduates and high sch leavers.
Good for filthy rich political elites. No news for our young unemployed graduates and high sch leavers.
Godwin 10 years ago
Mr. Prez why ranked first in bad economic practices and almost last in the good ones.
Having worked with Atta Mills and all the lessons he taught you, in fact this is not good of you
Mr. Prez why ranked first in bad economic practices and almost last in the good ones.
Having worked with Atta Mills and all the lessons he taught you, in fact this is not good of you
abongo 10 years ago
Fancy changing pounds or dollars to buy T bills, by maturity date, changing cedis back to pounds or dollars shows a cut because of exchange rates
Fancy changing pounds or dollars to buy T bills, by maturity date, changing cedis back to pounds or dollars shows a cut because of exchange rates
C.STEPHEN SACKEY 10 years ago
The treasury is the safest of all investment vehicles,i.e regardless of the turmoil in the market the interest rate would be paid, and it's also the benchmark utilized to evaluate all investment decisions.
But there is a p ... read full comment
The treasury is the safest of all investment vehicles,i.e regardless of the turmoil in the market the interest rate would be paid, and it's also the benchmark utilized to evaluate all investment decisions.
But there is a paradox -the yield and price of treasuries move in an inverse relationship,i.e the higher the yield the cheaper the price of the treasury.In essence, it's like your typical sesaw that kids play with in the park.The yield and the price sits on the opposite sides of the plank-when yield goes up,price goes down in an endless cycle.The movement only stops when the weights are the same and that happens when the treasuries mature,and its either paid out or roll over and refinanced to commence another sesaw.
In the case at hand,there is nothing to write home about, no chest-thumping for that matter,all it means is that relatively speaking Ghana's treasury is not as safe as those other countries'and investors demand a higher rate of return or a higher yield on their investment.
I do not believe this article was put out by the BOG, because they got nothing to be proud of knowing that their cost of borrowed money is higher than all the countries mentioned, they can do a better job than that.
Ghana is so desperate for money that it would pay the most ridicoulous interest rates far above market rates to attract investors to its yield. No wonder we are going HIPC!
The NDC government is saying everything is going well, but this fundamental indicator contradicts the claims of the government. I fear for this country. Propaganda does not build a nation. Is NDC destroying the country again?
The problem with some of you on this site is either you are semi- educated or none at all. The BoG is charged to minimise inflation, and I mean uncontrollable price increases due to too much money in the hands of consumers ch ...
read full comment
Its no good news to crow about, infact,it should'nt be published at all.In a nation where bank customers are being charged rates over 20% in this low interest climate around the globe has serous deep-rooted economic woes.
D0n't throw dust into our eyes
When you factor in inflation, this yield amounts to nothing. Govt should stabilize the Cedis, period and investors will show up.
Are you kidding me!! Stabilize the cedi and investors will show up? I think you are living on a different planet. For a domestic investor this yield is far better than leaving your money in a bank or keeping it under your mat ...
read full comment
THE FOREIGN DIRECT INVESTMENT BECOMES A RESOURCE CURSE IN THE DEVELOPING WORLD. WHEN THE REVENUES ACCUMULATED FROM THE SALE AND EXPORT OF THESE
NATURAL RESOURCES ARE TRANSFERRED AND STOLEN INTO THE PRIVATE BANK ACCOUNTS OF ...
read full comment
With all this oil money in the system, why will the banks be paying folks such high interest rates on T-Bills.
It is not the banks paying high interest rates. Treasury bills are issued by the Bank of Ghana (should say government) to finance budget deficits, and other projects the government is undertaking.
Why did they publish this article with the picture of governor? I am sure he (BoG governor) is not happy about the high yield on our bonds. Shame on the author who does not even offer us any insight. Are our leaders proud of ...
read full comment
They are stupid,risk aversion driving yields on bonds issued by Ghana and very high.It simply means you are buying junk bonds.This is not a record anyone would envy.
It is no good news for Ghana dear for the following reasons:
1. Expectations of high inflation have to be compensated by high yields
2. Since Ghana is not a country with high wealth, generally its bond should have a highe ...
read full comment
This indicates how weak our economy has become! Wake up, Ghana!
Are you looking to rent out or sell your property in the UK or in Ghana? Contact Sol Property Services on +442088583108 or email us on info@sol-properties.com
The extent to which the interest one gains can stretc and and go is another issue, not how much percentage one get. What is the point in high interest rate which cannot last a day???????????
Good for filthy rich political elites. No news for our young unemployed graduates and high sch leavers.
Mr. Prez why ranked first in bad economic practices and almost last in the good ones.
Having worked with Atta Mills and all the lessons he taught you, in fact this is not good of you
Fancy changing pounds or dollars to buy T bills, by maturity date, changing cedis back to pounds or dollars shows a cut because of exchange rates
The treasury is the safest of all investment vehicles,i.e regardless of the turmoil in the market the interest rate would be paid, and it's also the benchmark utilized to evaluate all investment decisions.
But there is a p ...
read full comment