T-bills: Govt records marginal oversubscription as yields fall

The treasury bills market in Ghana experienced a marginal oversubscription after a previous undersubscription.

The latest auction results from the Bank of Ghana show that the government secured GHS 3.6 billion, slightly above the GHS 3.5 billion target. Despite lower inflation and interest rates for 182-day and 364-day bills, the T-bills saw nearly a 2% oversubscription.

The majority of bids were for 91-day bills, with all GHS 2.76 billion tendered being accepted. The 182-day bill had GHS 660 million tendered and accepted, while the one-year bill saw GHS 182 million tendered and accepted.

he three-month bill rate increased to 24.86%, and the nine-month and one-year bills' rates fell to 26.80% and 27.78%, respectively.