RE: Government faces funding challenge -Treasury bill auctions underperform

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• Mr Ibu 1 year ago

  Uncle your party government is in deep shit. It is only T-bills under subscription. Cocobod cannot get external loan to purchase, something that has never happened in the history of the cocoa sector.We cannot pay our national ...
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  Uncle your party government is in deep shit. It is only T-bills under subscription. Cocobod cannot get external loan to purchase, something that has never happened in the history of the cocoa sector.We cannot pay our national debt, something that has never happened in independent democratic country. Bondholders cannot get their coupons, investors funds are locked up with banks and these banks dont have the money to pay their investments. Nothing is working and you are there writing trash. Our so called educated or elite disappoint us big time all the time. When Ken Ofori Atta was borrowing carelessly and people were complaining he didnt mind anybody. He issued a 2.25 billion dollars bond solely to his business partner, Franklin Templaton at interest rate of 19%. One guy in Kumasi took the ministry/government to court but the corrupt judge ruled in favour of the government/ministry. Now we are suffering including the judge because of the reckless borrowing

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• Nana Boromia Kokain Addo 1 year ago

  Prof. Isaac Boadi, you may be right in your own theory but that is just one explanation of the numerous reasons viz government was over ambitious. In fact, your argument is just a conjecture that cannot be modeled by any stat ...
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  Prof. Isaac Boadi, you may be right in your own theory but that is just one explanation of the numerous reasons viz government was over ambitious. In fact, your argument is just a conjecture that cannot be modeled by any statistical or empirical based evidence. The other argument sounds more superior to your party-oriented analysis and that is NPP's DNA. -always in denial. How many times were you not told that the consequences of your reckless borrowing and looting of state funds could end us where we are today, but you denied it?? If T'Bill rates went up to compensate for risk and other factors yet it still fell below the target volume or amount, it can only tell you that the risk premium as incorporated by the government was less than as expected by the investors. And if this is the case, then the superior argument should be a loss of confidence in the ability of the government to repay. Please make use of your knowledge and research and not to be blinded by party affiliation.

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