The Government of Ghana has rejected approximately GH¢629 million in Treasury bill bids during its latest auction on Monday November 2, 2026, despite robust investor demand. The move demonstrates fiscal restraint aimed at managing domestic borrowing costs and controlling liquidity, even when subscriptions exceed targets. Analysts say the state is refusing expensive bids to keep interest rates down. The rejection comes as Cedi trades at GHS12.25 at forex bureaus and GHS11.63 on BoG interbank. Finance Ministry says it will stick to its defined funding strategy.
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