T-bills: Government records 19.47% oversubscription; interest rates remain stable

The Ghanaian government recorded a 19.4% oversubscription in its recent treasury bills auction, securing GH¢5.256 billion.

Demand surged, particularly for the 91-day T-bills, which attracted GH¢3.39 billion, representing 64.67% of the total. The 182-day bill saw GH¢1.689 billion in bids, while the 364-day bill garnered GH¢167.05 million.

All bids were accepted. Interest rates remained stable, with the 91-day bill at 25.03%, the 182-day bill at 26.93%, and the 364-day bill at 27.92%.

This stability in interest rates indicates steady investor confidence in the short-term instruments.