Today, the Ghanaian government will issue 91-day, 182-day, and 364-day bills in order to generate GH¢6.35 billion.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Government of Ghana will raise GH¢6.35 billion through the issuance of the 91-day, 182-day, and 364-day bills today, January 17, 2025.

This will be used to refinance maturing bills worth GH¢5.53 billion in maturing bills.

Analysts believe the increased participation in last week’s auction confirms renewed investor confidence and a desire to lock in current high interest rates.

Currently, Ghana stands out among 49 Sub-Saharan African countries for having one of the highest short-term yields and an attractive US dollar-adjusted rate, bolstered by the recent strong performance of the cedi.

Source: newsthemegh.com