The persistent weak demand for treasury payments is probably going as a result of a shift of institutional funds into higher-yielding options reminiscent of mounted deposits and repos.
As well as, the Financial institution of Ghana’s Open Market Operations proceed to draw excessive demand from buyers.
The latest public sale for the short-term payments attracted GH¢8.8 billion from banks forward of the August 22, 2025, major public sale, additional diluting liquidity within the treasury invoice market.
“Within the coming week, we count on investor participation to stay subdued amid modest yield compression”, Databank Analysis talked about.
Final week’s major Treasury invoice public sale was undersubscribed by 35.7% in opposition to the GH¢4.24 billion goal.
The Treasury accepted GH¢2.73 billion from the GH¢3 billion tendered, masking solely 64% of maturities price GH¢3.84 billion.
Yields fell throughout the curve, with the 91-day down 6 foundation factors to 10.14%. Each the 182-day and 364-day papers dipping 2.0 foundation factors to 12.23% and 13.08% week-on-weekw, respectively.
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