Financial expert Patrick Baah Abankwa has advised Ghanaians to keep away from treasury bills following the government’s recent statement.
Speaking on SVTV AFRICA with DJ Nyaami, the financial consultant indicated that government may include T-bills and bondholders in the Debt Exchange Program. Hence, interested persons must look into other investment channels.
“If you want to invest this month, shun away from anything government for now. I’ll advise you to wait. You can decide to do fixed deposits or keep the money in your account.
If the government can form an agreement with the IMF, things will begin to stabilise. Once that agreement is signed, you can revert to T-bills and all,” he advised.
Moreover, Mr Abankwah mentioned that he does not think the government will include T-bills in the program because “they use T-bills for their operational expenses. They buy treasury bills to pay salaries. However, they say this today, and the next moment, it changes. That’s why people are careful now.
Patrick reiterated that despite the current T-bills rate being 32% to 33%, the safest option is fixed deposits until the IMF deal is closed.
Kindly watch the full interview below;
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