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Ghana’s Treasury Bills Oversubscribed After Mahama’s Election Victory

Accra Region, Ghana. 28th Nov, 2024. Ghanaian President-elect John Mahama, speaks during a campaign event ahead of 2024 election. (Credit Image: © Julius Mortsi/ZUMA Press Wire)
  • Treasury bill auction oversubscribed by 19.75% following John Mahama’s win.
  • Investor confidence rises, though borrowing costs edge upward amid fiscal challenges.

Accra, Ghana – Ghana’s financial markets have wasted no time rallying behind John Mahama’s election victory, with the government’s latest treasury bill auction oversubscribed by nearly 20%—a clear sign of renewed investor confidence after years of economic strain. The surge in demand for short-term securities reflects cautious optimism that Mahama’s administration could steer the nation toward stability, even as fiscal risks remain.

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