Auction clearances bounce as buyers sense rate cut

Auction clearances bounce as buyers sense rate cut

The sugar hit of the February rate cut has been wearing off, but another one is tipped for this month and the decisive election result may also help the market.

T-Bill Auction: Rates drop despite GHS 1.6bn target miss

The government raised GHS 4.73 billion in the treasury bill auction of May 2 at rates of 15.23%, 15.77% and 16.96% for the 91-day, 182-day, and 364-day treasury bills respectively. This is a significant drop from the 15.32%, 16.04% and 18.37% witnessed in the previous auction on April 25. The total bids for the auction […]