• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Joe Jackson applauds Government’s decision to cut interest rates on T-Bills

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
247
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Joe Jackson applauds Government’s decision to cut interest rates on T-Bills

The Ghanaian government’s recent decision to reduce yields on its Treasury Bills by 500 basis points (5%) has been met with applause from financial experts, who believe it is a positive step towards addressing the high interest rates on government securities.

This development comes after the government rejected bids made for the 91, 182 and 364 day bills with yields over 35% in a recent T-Bills auction on March 3, 2023, citing concerns that the yields were too expensive for it to maintain.

According to sources, the government is now demanding bids for Treasury bills with yields less than 30%, indicating its commitment to reducing the cost of borrowing for itself and other investors. The decision to reduce yields is seen as a welcome development by experts, who note that the high interest rates on Treasury Bills were unsustainable for the government and could lead to debt distress if not addressed.

Mr. Joe Jackson, Director of Operations at Dalex Finance, is one of the experts who has expressed his support for the government’s decision. In an interview on Tuesday, he praised the government for taking a bold step towards addressing the high cost of borrowing, noting that the reduction in yields would help to alleviate the burden on the government and other investors.

The government’s decision to reduce yields on Treasury Bills could have a significant impact on the financial sector and the economy as a whole. By reducing the cost of borrowing, the government could free up resources to invest in critical sectors such as infrastructure and social services. Additionally, lower interest rates could stimulate economic activity and encourage private sector investment, ultimately leading to increased growth and job creation.

It is worth noting that the government’s decision to reduce yields comes after it incurred an interest cost of GHS 4.4bn on auctioned treasury bills worth GHS 33bn in just three months. This highlights the significant cost of borrowing for the government and the urgent need for action to address this issue.

RelatedPosts

Chart of the Week: Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX Moves

Sinner Dominates Tien to Secure China Open Title

President Mahama Vows Tougher Action on Cybercrime, Promises Collaboration with Global Partners

Overall, the decision by the Ghanaian government to reduce yields on its Treasury Bills is a positive development that has been welcomed by financial experts. While it remains to be seen how this decision will impact the economy in the long term, it is clear that reducing the cost of borrowing could have significant benefits for the government, investors, and the broader economy.

 

Tags: interest ratesJoe Jackson applauds Government's decision to cut interest rates on T-BillsT-bills
No Result
View All Result

Highlights

Government to Establish Cyber Security Fund to Bolster Digital Defences

Headline Inflation Hits Single-Digit With 9.4% Rate in September 2025

Bank of Ghana Prices 1oz Gold Coin at GHS 49,131.99

Ghana Hosts IGAD Delegation on Land Governance Exchange

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon

U.S. Government Shutdown Leaves Energy Markets on Edge

Trending

Business

Chart of the Week: Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX Moves

October 1, 2025

Chart of the Week: Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX...

Sinner Dominates Tien to Secure China Open Title

October 1, 2025

President Mahama Vows Tougher Action on Cybercrime, Promises Collaboration with Global Partners

October 1, 2025

Government to Establish Cyber Security Fund to Bolster Digital Defences

October 1, 2025

Headline Inflation Hits Single-Digit With 9.4% Rate in September 2025

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.