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

The government borrowed GH¢15.71 billion through treasury bills in May 2024, a 7% increase from April 2024.

The yields on treasury bills continued to decline, with the 91-day and 182-day bills experiencing a drop of 45 basis points and 70 basis points, respectively.

Analysts predict that yields will maintain their downward trend due to a positive inflation outlook, but the decline may be slower than expected.

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