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T-bills Auction: Government Records 15% Oversubscription, But At Higher Cost Of 23.9%

T-bills Auction: Government Records 15% Oversubscription, But At Higher Cost Of 23.9%

The government overturned its recent under-subscription of treasury bills sales to record about 15% oversubscription of its targeted amount of ¢2.08 billion. However, that was primarily due to a reduction in the targeted amount. According to figures from the Bank of Ghana, the government got about ¢2.4 billion from the T-bills auction across the 91-day and 182-day. Once again, the chunk of the bids came from the 91-day bill. A little over ¢1.59 billion were tendered by the investors for the 3-month financial instrument. The government accepted over 99% of the bids. For the 182-day T-bill, about ¢816 million were…
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