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In a marked uptick, the Government of Ghana borrowed GH¢17.22 billion from the treasury market in June 2024, representing a 9.55% increase from the previous month.
This was driven by pressing refinancing needs, saw GH¢14.75 billion allocated to repaying maturing treasury bills. Consequently, 14.34% of the total funds, approximately GH¢2.47 billion, were earmarked as fresh capital for government use.
Despite this heightened borrowing activity, yields on treasury bills continued their gradual descent.
The 91-day and 182-day bills saw their yields decline by 23 basis points and 15 basis points, settling at 24.87% and 27.79%, respectively.
Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.