Audio By Carbonatix
The government borrowed GH¢15.71 billion via treasury bills in May 2024, about 7% higher than April 2024.
In April 2024, the government received GH¢15.60 billion from the short-term securities.
The fresh borrowings were estimated at GH¢966.48 million.
The yields, however, remained on the downward drift.
The 91-day and 182-day declined by 45 basis points and 70 basis points to 25.10% and 26.95% respectively.
On the other hand, the 364-day yield eased by 30 basis in May to close at 27.95%.
Analysts expect yields to maintain the downward trend on a positive inflation outlook.
However, they believe the decline may be slower than expected due to higher targets and the delay in policy rate cut.
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