Acceptance rate reaches 99.42% in recent treasury bill auction
In last week’s auction, the central bank targeted a treasury bill raising of GH¢3,053.00 million with subscriptions exceeding expectations.
Of the various tenors, the 91-Day bill secured the highest subscription at GH¢2,361.36 million, marking a 44.65% growth from the previous week’s GH¢1,632.49 million.
The 182-Day bill attracted subscriptions worth GH¢717.51 million, while the 364-day bill saw an uptick with GH¢146.67 million in subscriptions.
Ultimately, GH¢3,206.23 million in bids were accepted from a total of GH¢3,225.07 million, resulting in a robust acceptance rate of 99.42%.
Across the board, interest rates saw marginal increases from the previous week.
Yields for the 91-Day, 182-Day, and 364-Day bills rose by 31 bps, 74 bps, and 16 bps, respectively, settling at 27.02%, 28.62%, and 31.24%.
Looking ahead, the upcoming auction aims to raise GH¢3,064.00 million through the issuance of 91, 182, and 364-day treasury bills.
