Audio By Carbonatix
The government recorded a marginal oversubscription of treasury bill sales as interest rates eased.
According to the auction results from the Bank of Ghana, the government secured GH¢3.34 billion from the auction, higher than the previous week’s result.
The government once again accepted all the bids.
About 77.32% of the bids came from the 91-day bill. GH¢2.510 billion were tendered and all were accepted.
For the 182-day bill, GH¢651.11 million were tendered and the uptake was all. GH¢182.68 million cedis were also offered for the 364-day bill and all were accepted.
Meanwhile, interest rates continued to plummet but marginally.
The 91-day bill fell by 8.0 basis points to 24.78%.
That of the 182-day bill also dropped by 6.0 basis points to 26.74%.
However, the 364-day remained the same at 27.78%.
| SECURITIES | BIDS TENDERED (GH¢) | BID ACCEPTED (GH¢) |
| 91 Day Bill | 2.510bn | 2.510bn |
| 182 Day Bill | 651.11m | 651.11m |
| 364 Day Bill | 182.68m | 182.68m |
| Total | 3,344bn | 3.344bn |
| Target | 3.247bn | |
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