- Treasury bill auction misses target amid weakening investor appetite
- Falling yields deepen concerns over Ghana’s domestic financing outlook
ACCRA, GHANA – Ghana’s treasury bill market has sent a cautious warning signal as investor appetite for short-term government debt begins to soften after months of relatively strong demand.
The latest primary market auction recorded total bids of GHS4.22bn against a government target of GHS4.49bn, leaving a shortfall of about GHS265.76mn — a 5.9% undersubscription that analysts say could reflect emerging unease over the country’s fiscal and macroeconomic outlook.
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