Treasury Sees 22.5% Oversubscription of Debt Instruments
The Treasury witnessed the oversubscription of its short-term debt instruments by some 22.5 percentage points last Friday, January 31, 2025.
In Cedi terms, the oversubscription amounts to some GHS 1.46 billion.
The Treasury mobilized over GHS 7.9bn against a target of GHS 6.52 billion.
Bids tendered for the 91-day bill by primary dealers totalled GHS 5.59 billion of which GHS 5.22 billion was accepted.
For the 182-day and 364-day bills, bids tendered amounted to GHS 1.52 billion and GHS 2.25 billion with GHS 531 million and GHS 2.24 billion accepted respectively.
Yields on the short-term debt instruments witnessed declines with the 91-day bill yield declining by 10 basis points to 28.41%.
The 182-day and 364-day bill yields also declined by 17 basis points and 3 basis points to 28.89% and 30.37% respectively.
Meanwhile, the Treasury is looking forward to raising GHS 7.25 billion in its next auction scheduled to take place this Friday, February 7, 2025.
