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Why Ghana’s cash flood is crushing treasury yields

Accra, Ghana © Unsplash
Accra, Ghana © Unsplash

Evans Effah

Evans Effah is a Ghanaian journalist with over a decade of experience in reporting on politics and business.
  • Treasury rejects GH¢8.41bn as investor bids swamp government funding target
  • Ghana’s reserves fall $1.2bn as Middle East tensions increase external pressure

 

ACCRA, GHANA – Ghana rejected most bids at its latest Treasury auction as a surge in domestic liquidity allowed the government to push borrowing costs sharply lower.

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