Tag: Joe Jackson
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Cocoa bills debt exchange an indication govt can’t pay its debts – Joe Jackson
The Director of Business Operations at Dalex Finance, Joe Jackson, says COCOBOD’s invitation to holders of its short-term debt securities (cocoa bills) to exchange that for longer-term debt securities is simply an indication of the government’s inability to pay its debt. The financial analyst says the invitation is simply an extension of the recent domestic debt…
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Government’s decision to cut interest rates on T-Bills is laudable – Joe Jackson
Executive Director of Dalex Finance, Joe Jackson, has lauded government’s decision to reject bids made for the 91,182 and 364 day bills with yields over 35% in a recent T-Bills auction on March 3, 2023. This, he notes is a crucial step towards addressing the high interest rates on government securities. Government rejected all the…
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Poor people will suffer most from newly-proposed taxes – Joe Jackson
Economist Joe Jackson is concerned that Ghanaians at the lower level of the economic ladder will be the worst hit by the government’s proposed new taxes and levies. He said while the taxes apply to every Ghanaian, they will come out as very harsh to the poor since the majority of them use consumables and…