Sale of Treasury bills is gradually returning to pre Covid-19 levels as investor interests start to pick-up.

This was after a 28.5% oversubscription of the latest auctioning of the short term securities by the Bank of Ghana, which government mobilizes to support the national budget.

There had been fluctuations in the sale of the short term securities sold by government.

This has been happening for some months now.

However, this fresh sale which witnessed significant interest in the three-months and one-year bills, signify some renewed interest, largely from domestic investors.

It also came at lower interest costs, meaning government quest to reduce the cost in servicing domestic debt is on course.

It also suggested that liquidity on the interbank market may be growing, indicating some level of cash in circulation.

For the 91-day T-Bills, government secured a little above GH¢1.12 billion, but accepted about GH¢1.04 billion cedis.

It also raised GH¢403 million from the sale of the one-year bill, but accepted only GH¢182 million at an interest rate of18.28.

Government is expected to borrow only GH¢611.94 million as fresh funds in the third quarter of this year.