A widening gap between short- and long-term Treasury bill yields is reshaping Ghana’s financial landscape, creating one of the steepest yield curves in recent years.
Figures from the Bank of Ghana show that while 91-day bill yields have dropped below 5 percent, 364-day instruments remain above 10 percent, reflecting persistent medium-term risks.
Analysts say the steep curve signals a transition from a high-inflation environment toward stability, while also highlighting investor caution about fiscal sustainability and future economic conditions.
The shift is influencing both bank pricing and investment strategies. Short-term investors are focusing on liquidity, while long-term players are locking in higher yields, leaving mid-term securities less attractive.
The evolving curve is expected to play a key role in shaping financial decisions across the economy in 2026.
By: Toma Imirhe / businesspostonline
