Gov’t aims to raise GHS 2.28bn in upcoming T-Bill auction
The upcoming T-Bill auction is poised to offer GH¢2.28 billion, reflecting a notable 1.74% increase in the offering, as per insights provided by GCB Capital Research.
The forthcoming auction, scheduled for Friday, October 20, 2023, will encompass T-Bill maturities spanning from 91 days to 364 days.
GCB Capital Research anticipates a potential shift in the landscape of T-Bill auctions.
With the backdrop of declining inflation rates, the expectation is for a moderated pace of increase in nominal yields at the T-bill auction.
This projection underscores the nuanced dynamics at play in the fixed income market, with the inflation trajectory playing a pivotal role in influencing investor strategies and yield expectations.
