Government rejects GHS2.9 billion as rates dropped massively - Treasury Bill Auction.
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Ato-Forsonomics :raised_hands_tone2::raised_hands_tone2: cc.
@Cassielforson
:joy:ok, in summary:
Ghanaians have thrown GHS10.5 billion at Govt.… See moreGovernment rejects GHS2.9 billion as rates dropped massively - Treasury Bill Auction.
:joy::joy::joy::joy:
Ato-Forsonomics :raised_hands_tone2::raised_hands_tone2: cc.
@Cassielforson
:joy:ok, in summary:
Ghanaians have thrown GHS10.5 billion at Govt.
Govt accepted abt 7.3 billion. The rest (2.9b) either they don’t want, or the rates investors are quoting are too high.
As a result, average t-bill rates have dropped. Easing pressure & reducing cost of borrowing.
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