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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Government of Ghana has successfully broken a three-week streak of Treasury bill undersubscriptions in its latest auction, raising GH¢5.97 billion against a target of GH¢5.54 billion, representing an oversubscription of approximately GH¢421 million.
This rebound in investor interest signals a potential restoration of confidence in short-term government securities, aided by easing yields and improving macroeconomic conditions.
Total bids submitted by investors amounted to GH¢6.53 billion, although only GH¢5.97 billion was accepted.
The 91-day bill dominated investor interest, attracting GH¢4.95 billion in bids, of which GH¢4.58 billion was accepted.
The 182-day bill saw full coverage, with all GH¢890 million in bids accepted.
The 364-day bill received GH¢689 million in bids, with the government accepting GH¢499 million.
Source: newsthemegh.com