Treasury Surpasses Auction Target, Secures GHS 8.19 Billion in T-Bill Sale
The Ministry of Finance has successfully surpassed its Treasury Bills auction target by GHS 1.35 billion, raising GHS 8.19 billion in the T-Bill auction held on December 13.
This amount was significantly higher than the targeted GHS 6.84 billion.
The oversubscription marks a rebound for short-term debt instruments, which had experienced undersubscription in recent months.
The 91-day T-Bill attracted the most bids, receiving GHS 6.74 billion in bids, while the 182-day and 364-day bills garnered GHS 951 million and GHS 508 million, respectively.
Yields on the bills saw notable increases:
- The 91-day bill yield rose by 17 basis points to 27.77%.
- The 182-day bill yield climbed 18 basis points to 28.49%.
- The 364-day bill yield edged up by 4 basis points to 29.94%.
Looking ahead, the government plans to raise GHS 5.46 billion in the next auction.
Market observers are closely monitoring the upcoming sale to determine whether investor interest in short-term government debt will continue its upward trend.
