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Why Ghana’s T-bill demand is weakening and what the shift to short-term bets signals

Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
  • Government misses T-bill target by nearly 30%
  • Investors shift sharply to short-term instruments

 

ACCRA, GHANA – Ghana’s Treasury bill market is flashing mixed signals as rising yields fail to attract sufficient demand, exposing a cautious investor base despite improving macroeconomic indicators.

The divergence between higher returns and softer appetite underscores a market adjusting to new realities after years of liquidity-driven government borrowing.

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