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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Government of Ghana has raised GH¢5.824 billion in its latest Treasury bill auction, exceeding its target of GH¢5.623 billion by GH¢201 million.
This marks the fifth consecutive week that the government has outstripped its auction targets, underscoring strong investor demand for Ghana’s short-term debt securities amid rising yields.
The auction on November 8 saw especially high demand for the 91-day bill, which attracted bids amounting to GH¢5.10 billion.
Investor interest was also strong for the 182-day and 364-day bills, raising GH¢560 million and GH¢157 million, respectively. ‘
Increases in yields are likely to have been the reason for the increased demand for the short-term debt instruments.
Source: newsthemegh.com