T bills: Government borrowed GH¢15.71bn in May 2024

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The government borrowed GH¢15.71 billion via treasury bills in May 2024, about 7% higher than in 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 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.

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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