Audio By Carbonatix
The government achieved about 9.0% oversubscription of treasury bills sales, barely a week after it recorded a marginal undersubscription.
It got GH¢4.65 billion against a target of GH¢4.262 billion.
All the bids tendered for the short-term instruments were accepted.
A chunk of the bids came from the 91-day bill in which GH¢3.83 billion were received. This represented 82.6% of the total bids tendered.
About GH¢628 million were received for the 182-day bill.
For the 364-day bill, GH¢179.37 million were tendered.
Meanwhile, interest rates hit the 30% mark.
The yield on the 364-day bill surged to 30.07% from 29.95% the preceding week.
That of the 91-day bill increased by 18 basis points to 28.03%.
Similarly, the 182-day bill's rate went up to 28.68%, from 28.57% the prior week.
Importantly, investor demand for the T-bills increased by 27.2% month-on-month in November 2024 but remained insufficient to fully cover the high auction target for the month under review.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.838bn | 4.028bn |
| 182 Day Bill | 628.16m | 867.34m |
| 364 Day Bill | 179.37m | 508.6m |
| Total | ||
| Target | 4.262bn | |
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