Ghana's T-bill auction yields dipped, missing target by GH¢232.7M due to subdued investor interest.
Ghana's latest T-bill auction saw yields dip slightly as the government missed its target by GH¢232.7 million, with subdued investor interest. Total bids amounted to GH¢4.48 billion against a target of GH¢4.72 billion. Interest rates on the money market continued to trend downward, averaging between 24% and 27%. The treasury aims to raise its borrowing target to GH¢5.31 billion in the upcoming T-bill auction.
July 15, 2024
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