This moron is no Dr. He is Mr. Spio Garbrah. But that is not my point. The useless minister of Trade should not be appealing to banks to do anything about T-bills. Banks are in business to make money and in the safest way pos ... read full comment
This moron is no Dr. He is Mr. Spio Garbrah. But that is not my point. The useless minister of Trade should not be appealing to banks to do anything about T-bills. Banks are in business to make money and in the safest way possible. Bank of Ghana should impose a limit on the percentage of the deposits the banks can invest in T-Bills. Secondly, they should influence the interest rates on the T-bills in such a way that it would be unattractive for the banks to put all their monies into that seemingly safe security.
BOY KOFI 10 years ago
Don't make T-Bills attractive so that people will use their money to work for profits instead of keeping them in the Banks.Thank you.
Don't make T-Bills attractive so that people will use their money to work for profits instead of keeping them in the Banks.Thank you.
KOO 10 years ago
The situation that persisted under Jerry Rawlings is resurfacing.A situation where the only safe way to see your investment grow is through T-Bills.How can a country develop this way?.The blame should not be placed on the Ba ... read full comment
The situation that persisted under Jerry Rawlings is resurfacing.A situation where the only safe way to see your investment grow is through T-Bills.How can a country develop this way?.The blame should not be placed on the Banks but rather the government.What is Spio talking about ?. During The second NDC administration under Rawlings,government,s own money was used to buy T-Bills.Is this not the case of a snake swallowing its own tail?.
Pelicles 10 years ago
I have been asking this question that who in NDC has any credibility? None whatsoever. The party is made of truants, vagabonds and veranda boys hence their abysmal performance.
Just listen to this Spio Garbrah, he seems ... read full comment
I have been asking this question that who in NDC has any credibility? None whatsoever. The party is made of truants, vagabonds and veranda boys hence their abysmal performance.
Just listen to this Spio Garbrah, he seems to be saying something for the sake of it.
Saint Ghfuo: Nyantakyi must go! 10 years ago
The govt must invest in factories, empower private sectors with loans and grants to spur growth and jobs. Look at china. They govt owned industries overlooked by the state but run as private entities and listed on stock marke ... read full comment
The govt must invest in factories, empower private sectors with loans and grants to spur growth and jobs. Look at china. They govt owned industries overlooked by the state but run as private entities and listed on stock markets. The bills is great but it pays to maximize investment outlets. The commodity markets are not controlled by Africans so how do you profit? Those who control the commodity markets deliberately dumb down the price and increase the process of manufactured goods. So how do you profit from commodities in the market? Look at why Chinese companies are showing so much yield and exemplify
Yapo 10 years ago
Mr Minister, Ghanaian banks are legendary lazy. And so if they find t-bill rates attractive they will not look for other more lucrative opportunities elsewhere. They will just sit behind computers to trade in bills. Thus, app ... read full comment
Mr Minister, Ghanaian banks are legendary lazy. And so if they find t-bill rates attractive they will not look for other more lucrative opportunities elsewhere. They will just sit behind computers to trade in bills. Thus, appeals alone will not work. Gov't should make use of legislation to force banks to invest certain proportion of their resources to SMEs. By so doing the banks will sit up and be creative.
johnson 10 years ago
Dr Spio you are on point. Our banks are not helping. They should form consortiuns to finances infrastructure and industries. If dd & supply is not reallocating resources well, then intervene and legislate
Dr Spio you are on point. Our banks are not helping. They should form consortiuns to finances infrastructure and industries. If dd & supply is not reallocating resources well, then intervene and legislate
lankwei 10 years ago
These people talk through both sides of mouths! Who auctions T-Bills?
If the banks do not buy the T-Bills where would the government raise that much money weekly?
Banks, generally are conservative and will not recklessly ... read full comment
These people talk through both sides of mouths! Who auctions T-Bills?
If the banks do not buy the T-Bills where would the government raise that much money weekly?
Banks, generally are conservative and will not recklessly loan money which they cannot recover!
Kwabena 10 years ago
Oh my God...so all these idiots are going about telling people they are knowledgeable in Ghana. Ghana is in a big trouble. So does the minister understand or know what treasury bills or government bonds and notes are debt sec ... read full comment
Oh my God...so all these idiots are going about telling people they are knowledgeable in Ghana. Ghana is in a big trouble. So does the minister understand or know what treasury bills or government bonds and notes are debt securities issued by the central bank? These are the domestic loans or debts that the government of Ghana through bank of Ghana is heavily contracting from the banks. So if Spio care to know he should start with telling the central bank to stop issuing the bills or better yet buy back the bills outstanding then the banks will have the available funds to lend to industry... it is that simple.
Elliot Ness 10 years ago
Ghana is in BIG trouble!
Your children and grandchildren will be pissing on your graves for the mess you guys are creating. You guys are all just "turning and turning in a widening gyre".
Ghana is in BIG trouble!
Your children and grandchildren will be pissing on your graves for the mess you guys are creating. You guys are all just "turning and turning in a widening gyre".
Saint Ghfuo: Nyantakyi must go! 10 years ago
China is spearheading the AIIF fund, an infrastructural fund modeled after the worldbank, imf and Asian bank. What is africa doing to catch up? Why can't african nations come together and set up a continental fund. Nations wi ... read full comment
China is spearheading the AIIF fund, an infrastructural fund modeled after the worldbank, imf and Asian bank. What is africa doing to catch up? Why can't african nations come together and set up a continental fund. Nations will seek loans from this conglomerate to fund their respective projects. Any interest from bad loans will eventually be paid back to this continental fund. The proceeds will then be put back into the continent anyway. Why go to imf/europe, wbank/America, asianbank/japan and pay interest on loans? FOOLS!
This moron is no Dr. He is Mr. Spio Garbrah. But that is not my point. The useless minister of Trade should not be appealing to banks to do anything about T-bills. Banks are in business to make money and in the safest way pos ...
read full comment
Don't make T-Bills attractive so that people will use their money to work for profits instead of keeping them in the Banks.Thank you.
The situation that persisted under Jerry Rawlings is resurfacing.A situation where the only safe way to see your investment grow is through T-Bills.How can a country develop this way?.The blame should not be placed on the Ba ...
read full comment
I have been asking this question that who in NDC has any credibility? None whatsoever. The party is made of truants, vagabonds and veranda boys hence their abysmal performance.
Just listen to this Spio Garbrah, he seems ...
read full comment
The govt must invest in factories, empower private sectors with loans and grants to spur growth and jobs. Look at china. They govt owned industries overlooked by the state but run as private entities and listed on stock marke ...
read full comment
Mr Minister, Ghanaian banks are legendary lazy. And so if they find t-bill rates attractive they will not look for other more lucrative opportunities elsewhere. They will just sit behind computers to trade in bills. Thus, app ...
read full comment
Dr Spio you are on point. Our banks are not helping. They should form consortiuns to finances infrastructure and industries. If dd & supply is not reallocating resources well, then intervene and legislate
These people talk through both sides of mouths! Who auctions T-Bills?
If the banks do not buy the T-Bills where would the government raise that much money weekly?
Banks, generally are conservative and will not recklessly ...
read full comment
Oh my God...so all these idiots are going about telling people they are knowledgeable in Ghana. Ghana is in a big trouble. So does the minister understand or know what treasury bills or government bonds and notes are debt sec ...
read full comment
Ghana is in BIG trouble!
Your children and grandchildren will be pissing on your graves for the mess you guys are creating. You guys are all just "turning and turning in a widening gyre".
China is spearheading the AIIF fund, an infrastructural fund modeled after the worldbank, imf and Asian bank. What is africa doing to catch up? Why can't african nations come together and set up a continental fund. Nations wi ...
read full comment
Sensational bullshit