The Ghanaian government reported that treasury bills were oversubscribed by 19.75%.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Government of Ghana recorded a 19.75% over-subscription of treasury bills barely a week after President Mahama won the presidential elections.

According to the Bank of Ghana’s T-bill auction results, demand for the short-term instruments soared following successful general elections.

The government got GH¢8.20 billion from selling the short-term instruments.

All the bids were accepted. A little over GH¢6.740 billion were secured from the 91-day bill, representing 82.1% of the total bids.

For the 182-day bill, GH¢951.67 million were tendered. The 364-day bill also recorded GH¢508.15 million from the sale of the 364-day bill.

Source: newsthemegh.com