Ghana Government T-Bills Auction Undersubscribed by 32%, Interest Rates Rise

Ghana's government recorded a 32% undersubscription in its latest T-bills auction, with interest rates rising again. The 91-day bill was the most subscribed, but the overall uptake was lower than tendered bids.

6 Apr, 02:04 — 6 Apr, 02:04

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myjoyonlineMixed1d ago

T-bills auction: Government records 32% undersubscription; interest rates rise again

The most subscribed bill was the 91-day bill, as GH¢2.02 billion of the bids were tendered, representing 63.8% of the total bids. However, the uptake was GH¢1.99 billion.

By Charles Nixon

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Ghana Government T-Bills Auction Undersubscribed by 32%, Interest Rates Rise

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T-bills auction: Government records 32% undersubscription; interest rates rise again

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