- Ghana rejects GHS874mn in Treasury bids despite missing borrowing target
- Falling yields ease borrowing costs, but analysts warn of weakening demand
ACCRA, GHANA – Ghana rejected nearly GHS874mn in Treasury bill bids despite missing its borrowing target, as falling yields begin testing investor appetite for government debt.
The Treasury accepted GHS3.39bn ($291mn) of the GHS4.27bn ($366mn) offered by investors at its October 23 auction, falling GHS405.34mn ($34.8mn) short of its GHS3.798bn target, according to Bank of Ghana results.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
