T-bills auction: Government exceeds target by 77%; but to pay more for one-year bill at maturity

WIRE — The government recorded 77% oversubscription of the treasury bills auction, as the yield on the one-year bill hit 12.99%. According to the auction results by the Bank of Ghana, most of the investors bought the 364-day bill because of the attractive interest rate. However, the government will have to pay more to service the

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