Ghana surpassed its goal by ending 2024 with a 9% extra demand during the Treasury notes auction.

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

The Government of Ghana concluded 2024 with a 9% excess demand during the Treasury bills auction, exceeding its target.

According to data published by the Bank of Ghana, the auction, which had targeted GH¢4.3 billion, secured a total of GH¢4.6 billion, surpassing the target by GH¢383 million.

The data also indicates that the 91-day Treasury bill was the most sought after, attracting bids worth GH¢3.8 billion, while the 182-day bill contributed GH¢628.16 million, accounting for 13.5% of the total bids.

The 364-day bill represented 3.36% of the total, bringing in GH¢179.37 million. However, this modest oversubscription was accompanied by increased Treasury bill rates.

Source: newsthemegh.com