Treasury market trends: Declining rates amidst oversubscription

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Treasury market trends: Declining rates amidst oversubscription

By Dela AGBO Since the beginning of 2025, Ghana’s treasury market has experienced a notable downward trend in interest rates. Under the new Mahama administration, which assumed office on January 7th, treasury bill yields have been falling despite persistent oversubscriptions in the weekly auction process. This paradox raises critical questions about the state of government borrowing, investor confidence, and the overall economic strategy. Unders…