Ghana T-Bill Auction Misses Target as 91-Day Yield Holds Steady

Ghana's government has failed to achieve its treasury bill auction target in the latest round, with the yield on the 91-day bill remaining unchanged. The outcome interrupts a pattern of oversubscription and declining rates documented since at least August 2026, and the flat yield signals a stabilising rather than easing borrowing cost environment for startups and fintech operators.