Government records 12.79% oversubscription in T-bills

The government achieved an oversubscription rate of approximately 12.79% for treasury bill sales, surpassing a reduced target.

According to the latest T-bills auction conducted by the Bank of Ghana, the government secured GH¢2.99 billion against a target of GH¢2.65 billion.

Bids totaling GH¢2.358 billion, accounting for 88.7% of the total, were submitted for the 91-day bill, with all bids accepted.

Similarly, the government received GH¢573.45 million from investors for the 182-day bill, with all bids accepted.

Only GH¢64.31 million was tendered for the 364-day bill, and all bids were accepted.

Meanwhile, interest rates remained stable across the yield curve.

The yield for the 91-day bill stood at 24.86%, while that for the 182-day bill remained unchanged at 26.80%.

The rate for the 364-day bill also remained steady at 27.78%.

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