The Government of Ghana has successfully mobilized GHS 3.34 billion through its latest Treasury Bills issuance, surpassing its target of GHS 3.24 billion by GHS 96 million, representing a 2.9% oversubscription rate.
This achievement highlights robust investor confidence in the nation’s debt instruments.
The market saw marginal reductions in yields across the three tenors, with the 91-day and 182-day bills decreasing by 0.08% and 0.06%, respectively.
The 364-day tenor yield remained constant at 27.78%. The 91-day bill settled at 24.78%, while the 182-day bill closed at 26.74%.
The 91-day bill attracted the highest subscriptions, amassing GHS 2.51 billion, followed by the 182-day bill with GHS 651 million, and the 364-day bill with GHS 182 million in successful bids.
The Treasury has set an ambitious target of GHS 4.72 billion for the next T-bill auction, indicating confidence in continued strong investor interest.
The robust performance in the Treasury bills market reflects resilient demand and steady confidence in Ghana’s debt instruments amidst a recovering economic landscape.