{"id":18322,"date":"2026-08-13T12:04:20","date_gmt":"2026-08-13T12:04:20","guid":{"rendered":"https:\/\/gnbcc.net\/?p=18322"},"modified":"2026-08-13T12:04:26","modified_gmt":"2026-08-13T12:04:26","slug":"equity-rally-could-adjust-sharply-if-t-bill-yields-rebound-analysts","status":"publish","type":"post","link":"https:\/\/gnbcc.net\/equity-rally-could-adjust-sharply-if-t-bill-yields-rebound-analysts\/","title":{"rendered":"Equity rally could adjust sharply if T-bill yields rebound \u2013 analysts"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ghana\u2019s record-breaking equity market rally could face an adjustment of <strong>as much as 30 percent<\/strong> if Treasury bill yields stage a significant rebound, analysts have warned.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the <em>Business &amp; Financial Times (B&amp;FT)<\/em>, recent trading activity on the <strong>Ghana Stock Exchange (GSE)<\/strong> points to growing profit-taking and weaker investor participation following months of rapid gains.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The warning comes as the GSE\u2019s strong performance has pushed equity prices significantly higher, raising concerns about the possibility of a market correction should conditions in the Treasury bill market change.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts caution that a significant rebound in T-bill yields could affect investor preferences and put pressure on equities, potentially leading to a sharp adjustment in the market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The development highlights the importance of monitoring movements in both the equity and fixed-income markets as investors respond to changing returns and market conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source:<\/strong> The Business &amp; Financial Times (B&amp;FT)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read more here:<\/strong> <a href=\"https:\/\/thebftonline.com\/article\/equity-rally-could-adjust-sharply-if-t-bill-yields-rebound-analysts\" rel=\"nofollow noopener\" target=\"_blank\">B&amp;FT \u2013 Equity rally could adjust sharply if T-bill yields rebound \u2013 analysts<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ghana\u2019s strong equity market rally could face an adjustment of up to 30% if Treasury bill yields rebound significantly, analysts have warned. The potential shift could influence investor preferences and place pressure on equities following their recent gains.<\/p>\n","protected":false},"author":12,"featured_media":18347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[153],"tags":[],"class_list":["post-18322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"jetpack-related-posts":[{"id":15815,"url":"https:\/\/gnbcc.net\/t-bill-auctions-show-emerging-investor-pushback\/","url_meta":{"origin":18322,"position":0},"title":"T-bill auctions show emerging investor pushback","author":"Grace Agorigo","date":"April 30, 2026","format":false,"excerpt":"The Treasury bill (T-bill) market is beginning to show signs of investor resistance, with repeated auction shortfalls and diverging yields suggesting that domestic participants may be demanding higher compensation after months of policy-driven yield suppression.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/ESQ-Elsie-6.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/ESQ-Elsie-6.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/ESQ-Elsie-6.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/ESQ-Elsie-6.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/ESQ-Elsie-6.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":14636,"url":"https:\/\/gnbcc.net\/investors-to-rotate-from-t-bills-to-equities-in-2026\/","url_meta":{"origin":18322,"position":1},"title":"Investors to rotate from T-bills to equities in 2026","author":"Michael Teye","date":"January 16, 2026","format":false,"excerpt":"Investors in the local markets are expected to reallocate capital away from short-term government securities toward equities and other risk assets in 2026, as easing inflation and monetary policy cuts compress returns on Treasury bills.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/InVESTOR.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/InVESTOR.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/InVESTOR.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/InVESTOR.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/01\/InVESTOR.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13953,"url":"https:\/\/gnbcc.net\/investor-appetite-to-be-tested-as-domestic-market-anchors-2026-borrowing\/","url_meta":{"origin":18322,"position":2},"title":"Investor appetite to be tested, as domestic market anchors 2026 borrowing","author":"Grace Agorigo","date":"November 21, 2025","format":false,"excerpt":"Government is preparing to lean heavily on domestic investors to finance its 2026 budget, a strategy analysts say will test market appetite after two years of tight liquidity and missed Treasury targets.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-8-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-8-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-8-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-8-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/Newsletter-Blog-Media-8-1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15682,"url":"https:\/\/gnbcc.net\/cedi-posts-best-q1-in-half-decade\/","url_meta":{"origin":18322,"position":3},"title":"Cedi posts best Q1 in half-decade","author":"Michael Teye","date":"April 17, 2026","format":false,"excerpt":"The cedi is poised for additional declines through year-end even after posting its strongest first-quarter performance since at least 2021, as seasonal import demand and energy payments weigh on a currency that has nonetheless staged one of Africa\u2019s more remarkable recoveries from a debt-crisis low.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/Currency-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/Currency-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/Currency-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/Currency-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/Currency-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/Currency-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":15591,"url":"https:\/\/gnbcc.net\/parliament-passes-ghana-investment-promotion-authority-bill\/","url_meta":{"origin":18322,"position":4},"title":"Parliament passes Ghana Investment Promotion Authority Bill","author":"Michael Teye","date":"April 10, 2026","format":false,"excerpt":"Parliament has passed the Ghana Investment Promotion Authority (GIPA) Bill during the 31st Sitting of the 1st Meeting of the 2nd Session of the 9th Parliament of the 4th Republic, marking a major milestone in the transformation of Ghana\u2019s investment landscape.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/News-24-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/News-24-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/News-24-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/News-24-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/News-24-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/News-24-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":13542,"url":"https:\/\/gnbcc.net\/introducing-the-2025-gipc-bill\/","url_meta":{"origin":18322,"position":5},"title":"Introducing the 2025 GIPC Bill","author":"Michael Teye","date":"October 24, 2025","format":false,"excerpt":"The Ghana Investment Promotion Centre (GIPC) has introduced the Ghana Investment Promotion Authority Bill, 2025 (GIPA Bill), a new legislative framework aimed at strengthening Ghana\u2019s investment environment. The Bill seeks to enhance investor confidence, promote sustainable and responsible investment, support local businesses, and align Ghana\u2019s investment laws with international best\u2026","rel":"","context":"In &quot;GNBCC Updates&quot;","block_context":{"text":"GNBCC Updates","link":"https:\/\/gnbcc.net\/category\/gnbcc-updates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GIPC-Bill.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GIPC-Bill.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GIPC-Bill.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GIPC-Bill.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/GIPC-Bill.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/gnbcc.net\/wp-content\/uploads\/2026\/08\/ESQ-Elsie-34.jpg","_links":{"self":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/18322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/comments?post=18322"}],"version-history":[{"count":1,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/18322\/revisions"}],"predecessor-version":[{"id":18348,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/18322\/revisions\/18348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media\/18347"}],"wp:attachment":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media?parent=18322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/categories?post=18322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/tags?post=18322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}