- Government raises GH¢6.67 billion in latest treasury bills auction
- GH¢121.7 million in bids were rejected
- 91-day bill was most popular, attracting GH¢5.7 billion in bids
The government successfully raised GH¢6.67 billion in its latest treasury bills auction, slightly surpassing its target, according to data from the Bank of Ghana.
The auction saw a modest oversubscription rate of 2.81%, with the government exceeding its goal by GH¢66.21 million, although GH¢121.7 million worth of bids were turned down.
The 91-day bill attracted the highest interest, accounting for GH¢5.7 billion in bids—approximately 84.4% of total offers. From that, GH¢5.67 billion was accepted. The 182-day bill received GH¢908 million, all of which was taken up, while the 364-day bill brought in a little over GH¢187 million, also fully accepted.
Interest rates on all tenors continued to decline slightly. The 91-day bill dropped by 20 basis points to 15.45%, the 182-day bill eased to 16.21% from 16.50%, and the 364-day bill declined by 18 basis points to 18.65%.
