• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Appetite for short-term funds, macroeconomic data to drive the direction of yields in 2024, says GCB Capital

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
2
690
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Appetite for short-term funds, macroeconomic data to drive the direction of yields in 2024, says GCB Capital

According to GCB Cpital Research, the uncertain market dynamics in 2023 and the Treasury’s reliance on the short end of the domestic market as the main funding source amidst the heightened inflation pressures kept nominal yields elevated.

However, given the limited options for the different classes of investors, demand remained firm throughout the year, and the Treasury exceeded its Public Sector Borrowing Requirement (PSBR) for 2023, raising about GH¢153.21bn from total bids worth about GH¢157.08bn against the PSBR target of GH¢137.30bn.

The Treasury’s cost of funding, GCB Capital notes, ranged between 18.53% and 35.92% across the T-bill curve, averaging between 26.78% and 31.13%.

Given the elevated macroeconomic uncertainties, the immediate post-DDEP push to trim the cost of T-bill funding was short-lived. Initially, the yields dropped sharply from around the mid 35% levels to the lowest range of 18.53% to 26.82% within three auctions following the Treasury’s aggressive yield compression strategy.

However, nominal yields reversed course after that to the 30% to 33.7% range.

Looking ahead, GCB Capital anticipates a steady yield correction cycle in 2024, driven by data-centric factors such as the pace of disinflation, short-term fund demand, and fiscal performance.

RelatedPosts

‘The Gulf of Guinea Is Our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

The report suggests that, with supportive data, the 91-day rate could potentially ease to approximately 22% by the close of 2024.

“We expect the steady yield correction cycle that started around Nov-23 to be data-driven, hinging on the pace of disinflation, the appetite for short-term funds and the fiscal performance. The 91-day rate could potentially ease to around the 22% levels by the end of 2024 with supportive data,” it noted.

 

 

 

 

 

 

 

 

 

 

 

 

 

Tags: Appetite for short-term fundsGCB Capitalmacroeconomic data to drive the direction of yields in 2024says GCB Capitalshort-term funds

Comments 2

  1. Philips Willams says:
    1 year ago

    The service of a legitimate and trustworthy recovery expert would be very helpful in recovering your hard-earned money. However, Making recoveries from questionable cryptocurrency investment platforms happens to be a difficult challenge given that a lot of individuals get to lose money daily. This has given rise to a lot of flimsy recovery firms that claim to be reliable recovery experts and thereby deepen the woes of those who come to them for help.

    When searching for a recovery expert you have to be excessively careful so you don’t lose more money to false firms and sources out there. Ensure that all processes are well explained accordingly to offer the much-needed clarity and transparency in the recovery process. I was once a victim and I was lucky to come across an expert who helped me in my recovery process and everything went perfectly. Reach out to Saclux Comptech Specialst who rescued me from the shackles of these scammers. Recovery is very much possible and I think this is the right time to put an end to the high rate of scams happening online. Telegram contact: SacluxTS
    Email: talk2us@sacluxcomptechspecialst.com

  2. Balke Jensen says:
    1 year ago

    My caution to people out there, if you have no idea of what crypto/BTC is, just avoid it completely. I lost a lot of money in a cryptocurrency scam until I found Intel Fox Recovery. I sent him an email at intelfoxrecovery@mail.com , and he promptly replied. I had put down more than $125,855 with an internet investment company after being tricked. When I went to withdraw my money, they only asked for more money before they would process my withdrawal, which made me quite anxious. I emailed Intel Fox Recovery outlining my situation and he responded by accepting to assist. He gave me information and direction nonstop during the recuperation process, which gave me trust in his talents and reassured me. The good news is that he relieved all of my anxiousness during the process; I literally sat and waited for him to finish his job and I received what I lost. I wish every recovery Agent operated with transparency, integrity and trust such as Intel Fox Recovery.

No Result
View All Result

Highlights

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

Trending

Business

‘The Gulf of Guinea Is Our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

October 7, 2025

‘The Gulf of Guinea Is Our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal...

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

October 7, 2025

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

October 7, 2025

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

October 7, 2025

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.