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Why Ghana investors chase costlier one-year treasury bills

Street vendor selling goods in traffic in Ghana. Photo by Carbell Sarfo @Pexels
Street vendor selling goods in traffic in Ghana. Photo by Carbell Sarfo @Pexels
  • Investors offered GH¢11.64 billion, beating the government’s target by 87%.
  • Demand concentrated in one-year bills as shorter-term yields continued falling.

 

ACCRA, GHANA – Investors poured into Ghana’s Treasury bill market, as appetite for short-term sovereign debt remained strong.

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