Investors anticipate higher U.S. inflation and tariffs under Trump, while Ghana's treasury bill auction falls short.

Investors are pushing up rates of short-term government debt in anticipation of higher inflation and potential tariff conflicts under a second Trump administration. In contrast, Ghana's government treasury bill auction fell short of its target, raising only GH¢3.83 billion from a goal of GH¢6.413 billion. Interest rates on Ghanaian bills increased, reflecting tight liquidity ahead of the country's December general elections.

December 02, 2024
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