Ghana Government's T-Bills Undersubscribed Despite Marginal Interest Rate Decline

Ghana's government experienced a 5.9% undersubscription for its T-bills, with investors purchasing GH¢4.21 billion against a GH¢4.48 billion target. Despite this, interest rates saw a marginal decline, and the government accepted GH¢3.9 billion in bids.

24 May, 18:53 — 24 May, 18:53

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myjoyonlineMixed101d ago

T-bills: Government records 5.9% undersubscription, but interest rates decline marginally

Investors bought T-bills worth a little over GH¢4.21 billion, as against a target of GH¢4.48 billion. The government, however, accepted about GH¢3.9 billion of the bids.

By Charles Nixon

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Ghana Government's T-Bills Undersubscribed Despite Marginal Interest Rate Decline

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T-bills: Government records 5.9% undersubscription, but interest rates decline marginally

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