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Treasury bill sale undersubscribed as yields begin to rise again
The government of Ghana fell short of its Treasury bill target in the latest auction, as investor demand for short-term instruments weakened, according to results released by the Bank of Ghana. The government aimed to raise about GH¢5.0 billion but received bids totalling approximately GH¢3.7 billion. Of that amount, GH¢3.26 billion was accepted, resulting in a shortfall of about GH¢1.3 billion. [...]