The Government has recorded its fifth consecutive undersubscription in the Treasury bills market, signaling sustained investor caution even as interest rates continue to edge upward. According to the latest auction results released by the Bank of Ghana, the government fell short of its target by 8.2 percent, marking a slight improvement from the previous week but extending the streak of weak demand. The government aimed to raise GH¢4.8 billion but received bids totaling just over GH¢4.48 billion. Of that amount, approximately GH¢4.0 billion was accepted. The 91-day bill remained the most attractive instrument, accounting for GH¢2.55 billion in bids—about 56.9 percent of total submissions. However, only GH¢790 million was accepted. The 182-day bill saw bids worth GH¢771.16 million, with nearly all—about GH¢758 million—accepted, indicating relatively stronger uptake in that segment. For the 364-day bill, investor interest remained subdued, with bids totaling around GH¢1.1 billion, ...
Vice President Naana Jane Opoku-Agyemang has reaffirmed government’s commitment to investing in critical infrastructure to boost agribusiness, with a strong focus on tomato production and value addition. She gave the assurance during a meeting with GB Foods executives in Barcelona, as part of efforts to reduce Ghana’s dependence on tomato imports while expanding exports of processed tomato products. The Vice President stressed that government’s support for investments across the agricultural value chain will enhance domestic production capacity and strengthen agro-processing in Ghana. “We look forward to mutually beneficial relationships and sustained business as we expand to other areas and encourage local farmers. We want to ensure smaller farmers are also included, so no one feels left out. We are committed to building and sustaining an inclusive system,” she said. She noted that such partnerships would not only stabilise supply but also create sustainable jobs, improve rural l...