Interest rates remains unchanged despite 19.47% oversubscription in treasury bills

Government witnessed a 19.4% oversubscription in its treasury bills auction, indicating a renewed demand for short-term instruments.

As per the Bank of Ghana’s auction outcomes, interest rates have maintained stability.

The auction generated GH¢5.256 billion from the sale of these brief financial instruments.

The majority of the tenders were for the 91-day T-bills, with GH¢3.39 billion—representing 64.67% of the total—being offered.

All offers were accepted for the 91-day T-bills.

Similarly, GH¢1.689 billion was collected from the 182-day bills, with all bids received being approved.

Regarding the 364-day bills, GH¢167.05 million worth of bids were submitted, all of which were accepted.

Meanwhile, interest rates remained constant throughout the yield curve.

The yield on the 91-day bill stayed at 25.03%.

The yield on the 182-day bill was recorded at 26.93%, slightly higher than the previous week’s 26.91%.

As for the 364-day bill, the interest rate stood at 27.92%, a marginal increase from the previous week’s 27.90%.