Prime News Ghana

Today's Ghana Business, Banking and Economic news

Gov't raises GHS 2.49bn in T-Bill auction with 2.72% undersubscription

Interest rates on T-Bills continue to surge despite a marginal undersubscription in the recent treasury bill auction. According to auction results released by the Bank of Ghana, the yield on the 364-day treasury bill saw a notable uptick, rising from 32.50% to a striking 32.85% compared to the previous week.

GRA denies harassing traders

The Ghana Revenue Authority (GRA) has denied accusations by the Ghana Union of Traders (GUTA) and the Traders Advocacy Group Ghana (TAGG) that the Authority has composed several task forces to harass and extort monies from their members, and also arrest their goods in transit, with the view of imposing heavy fines on their owners.