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T-Bill Auction: GHS 2.6bn rejected, rates drop again
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T-Bill Auction: GHS 2.6bn rejected, rates drop again
Government rejected GHS 2.6 billion at its latest treasury bill auction on May 16, accepting only GHS 2.76 billion. This was far short of the auction target of GHS 6.68 billion, which suggests that the government is preferring to keep rates low rather than meet its borrowing target at higher interest rates. Rates for the […]
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