T-Bills oversubscribed by GHS 380 in latest auction; Gov’t rakes in GHS 3.21bn
The Bank of Ghana’s Treasury bills auction, target of GHS 2,837 million, received GHS 380 million bids more from
investors last week.
Bids amounting to GHS 3,217 million, were accepted during this auction representing a 99% acceptance rate.
Among the various tenors, the 91-day Bill attracted the highest number of subscriptions, followed by the 182-Day Bill and the 364-Day Bill.
The successful bids after the auction amounted to GHS 2,143 million, GHS 595 million, and GHS 479 million for the 91–Day, 182-Day, and 364-Day tenors respectively.
The auction yields settled at averages of 29.19% for the 91-Day Bill and 31.74% for the 182-Day Bill with both declining by 17bps and 21bps respectively compared to the average rates for the previous auction.
The 364-Day bill also saw a yield decline of 15bps to settle at 32.34%.
Looking ahead to the next auction, the treasury aims to raise some GHS 2,632 million through the issuance of the 91,182, and 364 Day bills to cater for impending maturities.
