For the 5^th week running, the government recorded an oversubscription of treasury bills auction.

According to auction results by the Bank of Ghana, the government recorded 43.59% of the sale of short-term instruments.

The government received an incredible GH¢9.372 billion as demand for T-bills surged. This was against a target of GH¢6.527 billion.

About GH¢5.59 billion of the bids tendered came from the 91-day bill. This represented 59.64% of the total bills tendered. GH¢5.224 billion of the bids were accepted.

For the 182-day bill, GH¢1.522 billion of the bids were tendered. Only GH¢531.4 million were accepted.

Once again, the one-year bill received more bids than the 182-day bill.

About GH¢2.259 billion of the bids were tendered. A little over GH¢2.240 of the bids were accepted.

Meanwhile, interest rates went down for the first time in several weeks.

It decreased by 10 basis points to 28.41% with respect to the 91-day bill.

For the 182-day bill, the yield was 28.89% compared with 29.77% the previous week.

The interest on the 364-day bill also declined by 3.0 basis points to 30.37%.

SECURITIES	BIDS TENDERED (GH¢)	BIDS ACCEPTED (GH¢)
91 Day Bill	5.590bn	5.224bn
182 Day Bill	1.522bn	531.40m
364 Day Bill	2.259bn	2.240bn
Total	9.372bn	7.995bn
Target	6.527bn