The government saw a 19.4% oversubscription in its treasury bills auction, signalling a resurgence in demand for short-term instruments.
According to the Bank of Ghana’s auction results, interest rates have remained stable.
The auction raised GH¢5.256 billion from the sale of these short-term instruments.
The bulk of the bids were for the 91-day T-bills, with GH¢3.39 billion—accounting for 64.67% of the total—being tendered.
All bids were accepted for the 91-day T-bills.
Similarly, GH¢1.689 billion was raised from the 182-day bills, with all submitted bids accepted.
For the 364-day bills, GH¢167.05 million worth of bids were tendered and all were accepted.
Meanwhile, interest rates remained consistent across the yield curve.
The yield on the 91-day bill held steady at 25.03%.
The yield on the 182-day bill stood at 26.93%, up slightly from 26.91% the previous week.
For the 364-day bill, the interest rate was 27.92%, marginally up from 27.90% the prior 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 |