The government for the second consecutive week failed to meet its treasury bills target. This is despite an impressive performance of the Ghana cedi, ranking it as the best performing currency in the world. According to auction results by the Bank of Ghana, the Treasury recorded a marginal undersubscription ofContinue Reading
Demand for treasury bills soared on the money market as T-bills were oversubscribed by more than 55%. However, interest rates continued to surged, increasing the government’s cost of repaying the short-term instruments. According to action results by the Bank of Ghana, the government got a remarkable GH¢8.075 billion from theContinue Reading
Interest rates are expected to remain elevated due to increasing demand for liquidity in the short-term market. The yield on the treasury bills hit the 30% mark last Friday, December 27, 2024. The rise in yields and bids for T-bills reflects investors’ strong desire to lock in at a higherContinue Reading
The government achieved about 9.0% oversubscription of treasury bills sales, barely a week after it recorded a marginal undersubscription. It got GH¢4.65 billion against a target of GH¢4.262 billion. All the bids tendered for the short-term instruments were accepted. A chunk of the bids came from the 91-day bill in whichContinue Reading
Professional services firm, Deloitte, is predicting a persistence reduction in interest rates in 2025 on the back of a sustained disinflationary trend. It is thus forecasting an end-year policy rate of 22.5% in 2025. This will come as a huge relief for households and businesses as cost of borrowing willContinue Reading
African banks will remain exposed to domestic and global operating environment risks in 2025, Fitch Ratings has disclosed. It pointed out in its African Banks Outlook 2025 report that while most countries are showing a good degree of resilience, a fall in commodity prices cannot be ruled out. It addedContinue Reading
The government recorded a 19.75% over-subscription of treasury bills barely a week after President Mahama won the presidential elections. According to the Bank of Ghana’s T-bill auction results, demand for the short-term instruments soared following successful general elections. The government got GH¢8.20 billion from selling the short-term instruments. All theContinue Reading