Upcoming T-Bill auction targets GH¢2.24bn gross issuance
The upcoming Treasury bill (T-bill) auction in Ghana is set to target a gross issuance of GH¢2.24 billion, marking a substantial 6.4% increase week-on-week (w/w).
The auction encompasses T-bills with maturities ranging from 91 days to 364 days, with the primary aim of rolling over approximately GH¢2.09 billion in upcoming maturities.
GCB Capital Research anticipates a potential moderation in inflation figures for September 2023, expected to be released later this week.
This projected decline in inflation rates may serve to dampen the upward pressure on T-bill yields at the forthcoming auction.
This development underscores the delicate balance that Ghana’s monetary authorities and investors must navigate in response to evolving economic conditions.
As the auction approaches, market participants will be closely monitoring the inflation data, which could influence investor sentiment and the pricing dynamics of T-bills.
