The government has exceeded its treasury bill target, achieving a 30 per cent oversubscription at last week’s auction.
A total of GHS 3.5 billion was secured, surpassing the initial target of GHS 2.7 billion, despite declining interest rates.
The majority of the bids came from the 91-day T-bills, with approximately GHS 2.71 billion accepted. For the 182-day bill, bids amounting to GHS 608 million were tendered and fully accepted.
The 364-day bill saw bids worth GHS 201 million, all of which were also accepted.
Currently, yields on the treasury market are ranging between 25 and 27 per cent. The yields on the three-month bill declined marginally from 25.10 per cent to 25.03 per cent.
The six-month bill yield fell slightly from 26.95 per cent to 26.92 per cent, and the one-year bill yield eased from 27.95 per cent to 27.91 per cent.
