Skip to main content

Posts

Showing posts with the label T-bill rates

High T-bill rates: No threat to debt sustainability...In line with IMF expectations

  The International Monetary Fund has played down any fears of the impact of rising treasury bill rates on the country’s debt restructuring efforts and debt sustainability, a critical component of the three-year Extended Credit Facility (ECF) with the Bretton Woods institution. The fund said the current treasury bill rates were consistent with its expectations in achieving debt sustainability over the medium term. Responding to a question from the Graphic Business at a joint press conference in Accra, the IMF Chief Mission to Ghana, Stephane Roudet, said the cost at which the government was financing itself was of no concern to the IMF. However, speaking on the Graphic Business X series dialogue on October 9, Economist, Professor Godwin Bokpin, said the rising T-bill rate was a negative outcome that must be corrected immediately by bringing down inflation and the policy rate.  After declining to an eight-year low of 19 per cent in March 2023, from 35.5 per cent at the end of 2...