- Treasury bill bids nearly double to GHS5.01bn.
- Falling yields squeeze inflation-adjusted returns.
ACCRA, GHANA — Investors almost doubled their bids for Ghanaian Treasury bills, helping drive down government borrowing costs even as rising inflation threatens returns on short-term debt.
Offers reached GHS5.01bn ($430.4mn) at the November 6 auction, up 96.5% from GHS2.55bn a week earlier, Bank of Ghana data showed. Bids exceeded the government’s GHS3.54bn target by 41.5%, highlighting strong appetite for short-term sovereign securities.
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