Treasury Exceeds Target with GHS 3.34bn Mobilization, Signaling Strong Investor Confidence
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.
