The government has exceeded its target for its Treasury bills auctioning, after months of under-subscriptions.
The record shows that as of Friday, June 3, 2022, the government secured ¢1.395 billion from the sale of the 91-day and 182-day Treasury bills, nearly 14% oversubscription.
But the data shows that the record was achieved at a higher cost in order to achieve the target of ¢1.228 billion.
The results further revealed that the 3-months bill was the financial instrument highly patronised, but at an interest cost of 22.57%.
Aside from that, ¢1.22 billion was mobilised from the sale of the short term instrument.
Also, ¢172.9 million was secured from the 182-day T-bills at an interest rate of 24.41%.
|Securities||Bids Tendered (GH¢)||Bids Accepted (GH¢)||Interest rate|
|91 Day Bill||1.222 billion||1.222 billion||22.574%|
|182 Day Bill||172.96 million||172.96 million||24.410%|
|Total||1.395 billion||1.395 billion|