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Increased interest rate yields consistent oversubscriptions of treasury bills

Subscriptions for treasury bills in the government's most recent auction on September 1, 2023, have experienced a significant surge. The government not only met but...

Business

Non-oil export affected by hikes in interest rates – NEPC says

A major hindrance to the smooth growth of non-oil exports in Nigeria is the limited access that exporters have to banks' financial services. Dr....

Business

Interest rates hit 30.30% as government records marginal oversubscription

Government has witnessed a slight oversubscription of the treasury bills auction, while interest rates continued their upward trend in the money market. According to the...

Business

Joe Jackson describes debt exchange for cocoa bills as “another haircut”

COCOBOD's invitation to holders to voluntarily exchange their short-term cocoa bills for fresh ones is just another haircut, according to Director of Business Operations...

Business

T-bill auction oversubscribed by 19.58% with interest rates at 26.4%

In spite of the increasing interest rates, the latest treasury bills auction conducted by the government witnessed a remarkable oversubscription of 19.58%. The auction successfully...

Business

Ghana ahead of Egypt, 15 African countries with high interest rates

Ghana now has higher interest rates than Egypt and 15 other nations in Africa. With 24.39% and 26.03% for the 91-day and 182-day treasury bills,...

Business

T-bills: Govt fails to meet GHS500m target as interest rates surge

Government's latest treasury bill auction results indicate that it fell short of its auction target by GH¢519.76 million. The auction generated GH¢2.39 billion, which...

Business

Forex rates show a dollar selling at GHS11.80, BoG interbank rate at GHS10.98

The Ghana Cedi is now trading against the dollar at a purchasing price of 10.9712 and a selling price of 10.9822, according to the...

Business

GHS300m oversubscription in T-bills despite high interest rates

The recent treasury bill auction held on June 2, 2023, yielded positive results as the government successfully raised an impressive sum of GH¢2.40 billion. This...

Business

Ghana records 15.1% fall in interest rates since January 2023

Ghana's interest rates have significantly decreased by 15.1%, the largest decrease in Africa since January 2023. Yields on the money market were as high as...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

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