Data released by the Bank of Ghana shows that the recent Treasury bill auction witnessed robust demand, with investors submitting bids worth GH¢14.82 billion, exceeding the target of GH¢5.81 billion.
Out of the GH¢14.82 billion tendered, the Treasury accepted GH¢8.8 billion, rejecting GH¢6.01 billion while exceeding its target by GH¢3.00 billion.
The outcome resulted in an oversubscription rate of 155.33% and led to yields reaching their lowest levels in over three decades.
The 91-day bill attracted GH¢6.83 billion in bids, with GH¢3.74 billion accepted.
The 182-day segment recorded bids of GH¢2.83 billion, with GH¢1.52 billion accepted, while the 364-day bill saw GH¢3.54 billion accepted from GH¢5.17 billion tendered.
Yields decreased across all maturities, with the 91-day bill declining by 113 basis points to 5.32%, the 182-day bill falling by 121 basis points to 6.97% from 8.18%, and the 364-day bill shedding 44 basis points to settle at 9.76% from 10.21%.
Meanwhile, Treasury targets GH¢5.68 billion for the upcoming auction.
By: Rainbowradioonline.com/Ghana
