Josiah
The government has recorded another strong treasury bills auction, with subscriptions exceeding the target by 34.8 per cent for the second straight week, according to figures released by the Bank of Ghana.
Total bids submitted for the auction reached GH¢5.79 billion, surpassing the government’s target of GH¢4.30 billion. Of the amount tendered, GH¢5.47 billion was accepted.
The 91-day treasury bill attracted the highest investor interest, accounting for roughly 66 per cent of total bids with subscriptions amounting to GH¢3.83 billion. The government accepted GH¢3.65 billion from that instrument.
For the 182-day bill, bids totalled GH¢709.83 million, out of which GH¢671.72 million was accepted. The 364-day bill received GH¢1.25 billion in bids, with GH¢1.15 billion taken up.
Meanwhile, yields posted mixed movements across the short-term securities market. The yield on the 91-day bill edged up by 3 basis points to 4.91 per cent, while the 182-day bill rose marginally from 7.03 per cent to 7.04 per cent.
In contrast, the 364-day bill declined by 25 basis points to settle at 10.38 per cent.
Source:Omanghana.com
