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Ghana treasury bill auction undersubscribed by 30% as investor appetite weakens

Busy street of Accra, Ghana. Photo by Kofi Bhavnani @ Unsplash
Busy street of Accra, Ghana. Photo by Kofi Bhavnani @ Unsplash
  • Ghana’s T-bill auction undersubscribed for seventh week
  • Investors shift to higher-yielding alternatives amid tight liquidity

 

ACCRA, GHANA – Ghana’s domestic borrowing effort faltered again last week as its Treasury-bill auction recorded a sharp undersubscription amid weakening investor demand and rising market caution.

The auction, the seventh consecutive undersubscribed sale, underscored persistent concern among investors and signalled a widening shift toward alternative financial instruments offering more attractive returns.

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