Government successfully raised GHS 2.99 billion, exceeding its target of GHS 2.65 billion in a recent treasury bills auction, the Ghanaian
This achievement reflects a modest resurgence in demand for short-term government securities as interest rates remained steady across all tenors.
At the auction, government saw strong interest in its treasury bills, demonstrating confidence in the stability of the yield curve.
The majority of the funds raised came from the 91-day treasury bills, where GHS 2.36 billion was tendered and fully accepted.
For the 182-day treasury bill, GHS 573 million in bids were submitted, and all offers were also accepted.
Similarly, for the 364-day bill, GHS 64 million was tendered, with the entire amount being taken.
The interest rates for all three tenors remained unchanged from the previous auction. The 91-day bill continued to yield 24.87 per cent, the 182-day bill offered a rate of 26.8 per cent, and the 364-day bill provided a return of 27.78 per cent.
Source: classfmonline.com