Government records oversubscription of T-bills sale for second week running
Government for the second week running recorded an oversubscription of Treasury bills sale, according to data from the Bank of Ghana.
The government secured a total of ¢2.39 billion, 9.9% more than the targeted amount of ¢2.176 billion.
This signals improved liquidity compared to recent weeks and some level of increasing investor confidence.
According to the auction results, bids tendered for the 91-day T-bills were estimated at ¢2.066 billion. All the funds were accepted.
For the 182 T-bills, ¢224.44 million was tendered with ¢223.55 million accepted.
¢101.71 was however secured from the issuance of the 364-day T-bill.
Meanwhile, the yield for the 91-day T-bill was 35.54%, higher than the previous week of 35.19%.
For the 182-day Treasury bill, the interest rate was 36.37%, 0.39% higher than the past week.
The 364-day T-bill however went for 35.89%
|Securities||Bids Tendered (GH¢)||Bids Accepted (GH¢)|
|91 Day Bill||2.066 billion||2.066 billion|
|182 Day Bill||224.44 million||224.44 million|
|Total||2.392 billion||2.392 billion|
|Target||2.176 billion||2.176 billion|