Treasury demand rebounds, yields fall post-policy rate cut

By Joshua Worlasi AMLANU The money market recorded a sharp rebound in demand following the Bank of Ghana’s 350-basis-point policy rate cut to 18 percent, with investors driving down Treasury bill yields and significantly overshooting government’s funding target at the latest auction. At last Friday’s tender, government raised GH¢5.78billion, more than double its GH¢2.86billion target. […]

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Source: thebftonline.com

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