Economist and lecturer at the University of Ghana (UG), Dr Lord Mensah, has attributed government’s failure to meet its target for Treasury Bills issuance to some uncertainties in the investment environment.
According to Dr Lord Mensah, election uncertainties and the timing of government’s issuances is negatively impacting its T-Bills sales.
“The build-up to the 2020 elections and the contest of the election results will obviously have an impact on the investment environment, investors won’t have confidence to buy such issuances,” he said.
“Also if you look at the main buyers of government’s T-Bills you realize they are banks and other financial institutions and they mostly look at risk exposures and if the risk is high they won’t buy them,” he added.
Government has for the third week running missed its T-Bills targets by a total of Ghs 112 million.
