Gov’t aims to roll over maturities with GHS 3.053bn T-Bill sale, slight yield increase expected
GCB Capital Research reports that the upcoming Treasury bill (T-bill) action scheduled for Friday, August 25, 2023, will see the Government aiming to raise GH¢3.053 billion by offering bills with maturities ranging from 91 days to 364 days.
This move is intended to roll over upcoming maturities estimated at GH¢2.86 billion.
Anticipating the market dynamics, experts foresee sufficient demand relative to the set target. However, they expect the clearing yields to be slightly higher compared to previous auctions.
The outcome of the T-bill action will provide insights into investor sentiment and the cost of short-term government borrowing.
The Government’s strategic approach to addressing upcoming maturities and managing its funding requirements underscores its ongoing efforts to maintain financial stability and effectively navigate fiscal challenges.
