Treasury exceeds issuance target with GHS 3.34bn mobilization
The Government of Ghana secured GHS 3.34 billion through the latest Treasury Bills issuance, surpassing its target of GHS 3.24 billion by GHS 96 million, marking a 2.9% oversubscription rate.
This achievement underscores robust investor confidence in the nation’s debt instruments.
Market Movements
Yields across the three tenors experienced marginal reductions, with the 91-day and 182-day bills decreasing by 0.08% and 0.06% respectively.
The yield on the 364 day tenor however remained constant at 27.78%.
The 91-day bill settled at 24.78%, while the 182-day bill closed at 26.74%. The 364-day bill yield remained unchanged at 27.78%, reflecting steady demand.
Subscription Breakdown
The 91-day bill attracted the highest subscriptions, amassing GHS 2.51 billion.
The 182-day bill followed with GHS 651 million, and the 364-day bill garnered GHS 182 million in successful bids.
Meanwhile, the Treasury has set an ambitious target of GHS 4.72 billion for the next T-bill auction, indicating confidence in continued strong investor interest.
The robust performance in the Treasury bills market reflects a resilient demand and steady confidence in Ghana’s debt instruments amidst a recovering economic landscape.
