Ghana's government missed its treasury bill target for four consecutive weeks, falling GHS559.19mn short.
Ghana's government missed its treasury bill target for a fourth consecutive week, falling GHS559.19mn short with a total bid of GHS3.80bn and a target of GHS4.36bn. The shortfall resulted from constrained liquidity in the money market, high auction targets, and reduced liquidity levels post-Cash Reserve Ratio directive. Most bids were for the 91-day treasury bill. Market analysts suggest investors explore diversification options beyond treasury bills.
August 05, 2024
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