Audio By Carbonatix
The government recorded a 19.4% oversubscription of its treasury bills auction, as demand for the short-term instruments rebounded.
According to auction results by the Bank of Ghana, interest rates, however, remain stable.
The government got GH¢5.256 billion from the sale of the short-term instruments.
The majority of the bids came from the 91-day T-bills. GH¢3.39 billion, representing 64.67% were tendered.
The uptake was the same as the bids tendered.
Similarly, GH¢1.689 billion came from the 182-day bill. All the bids were accepted.
For the 364-day bill, GH¢167.05 million of the bids were tendered and all were accepted.
Meanwhile, interest rates remain stable across the yield curve.
The yield on the 91-day bill remained at 25.03%.
That of the 182-day bill stood at 26.93%, as against 26.91% the prior week.
For the 364-day bill, the interest was 27.92% compared to 27.90% the previous week.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.399bn | 3.399bn |
| 182 Day Bill | 1.689bn | 1.689bn |
| 364 Day Bill | 167.05mn | 167.05mn |
| Total | GH¢5.256bn | |
| Target | GH¢4.40bn |
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