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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Government of Ghana recorded a 14.1% oversubscription of treasury bills auction just a week after missing its target.
This is coming after yields were mixed on the yield curve. According to the auction results by the Bank of Ghana, the government received GH¢3.44 billion of the total bids, but accepted GH¢3.01 billion.
A little over 74% of the bids came from the 91-day bill. About GH¢2.58 billion of the bids were tendered.
The uptake was GH¢2.57 billion. For the 182-day bill, GH¢613.8 million of the bids were tendered.
This was higher than the bids tendered last week. The bids accepted were estimated to the tune of GH¢608.8 million.
Also, GH¢250.4 million of the bids were tendered for the 364-day bill. About GH¢247.3 million of the bids were accepted.
Source: newsthemegh.com