Gov’t T-Bills Oversubscribed by 20%—GH¢9.1bn Raised as Yields Inch Up
Investor interest in government bonds grew as the total number of bids received was about 20.41% higher than the target. The Bank of Ghana’s auction results showed that GH¢9.1 billion was accepted against a target of GH¢7.5 billion. The 91-day bill got the most bids, with GH¢6.54 billion offered and GH¢6.53 billion accepted. The 182-day bill got GH¢1.06 billion offered and GH¢1.05 billion accepted. The 364-day bill got GH¢1.50 billion offered and a little over GH¢1.4 billion accepted. In the meantime, yields changed slightly. The 91-day bill went up by one basis point to 11.17%, the 182-day bill went up to 12.61% from 12.55%, and the 364-day bill went down by three basis points to 12.90%.
