NorvanReports Twitter Space 29-01-2023.mp3

NorvanReports Twitter Space 29-01-2023

NorvanReports Twitter Space Conversation on the theme “Good Investment Decisions in a Time of Turmoil”

Director of Business Operations at Dalex Finance, Joe Jackson, has told investors – both retail and institutional – to be careful about decisions to invest in treasury bills.

Speaking during a Twitter Space Conversation hosted by norvanreports and themed “Good Investment Decisions in a Time of Turmoil”, Mr Jackson noted the high-interest rates on treasury bills are too high and are a reflection of the desperation of the government to borrow more to fund its “profligate lifestyle”.

“I would advise investors to be highly cautious in T-Bills as the government is likely to include it in the domestic debt exchange programme, although the Finance Minister says it won’t. And also, the rates on the T-Bills have gone crazy, they are not sustainable.

“Investing in T-Bills is investing in a government that is desperate, the government should be reining in expenditure and not be borrowing more. Let’s not help fund their profligate nature and fiscal indiscipline,” he told host Norvan Acquah-Hayford.