Upcoming GHS 2.59bn T-bill auction aims to roll over GH¢2.41bn in maturities
According to the latest insights from GCB Capital Research, Ghana is gearing up for a T-bill auction later this week, with a target gross issuance of GH¢2.59 billion—a notable decrease of 31.23% week-on-week.
The auction will encompass both 91-day and 182-day offerings, aimed at rolling over maturing debts totaling approximately GH¢2.41 billion.
This reduced issuance size is poised to attract substantial investor interest, potentially resulting in oversubscription, albeit at slightly elevated yield levels.
Market observers anticipate that the lower offering size will drive competition among investors, leading to a modest uptick in yields compared to previous auctions.
As Ghana’s financial landscape continues to evolve, these developments in the T-bill market are closely watched by market participants, keen to gauge investor sentiment and the broader economic dynamics at play.
The forthcoming auction promises to shed light on the nuanced trends shaping Ghana’s debt market.
