In its most recent Treasury bill auction, the Ghanaian government raised GH¢5.824 billion.

by Mawuli
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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

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