T-bills auction: Government exceeds target marginally; yield on 91-day bill remains unchanged
According to the auction results, the government received GH¢2.9 billion but accepted about GH¢2.8 billion of the bids tendered. The target for the auction was estimated at GH¢2.75 billion.
In a recent treasury bills auction, the government exceeded its target marginally, registering a 7.5% oversubscription, according to the Bank of Ghana's auction results. The government accepted approximately GH¢2.8 billion of the GH¢2.9 billion bids received. The 91-day bill was the most subscribed, with GH¢2.07 billion tendered, representing 75% of the total bids.
However, the government only accepted GH¢1.8 billion of these bids. The 364-day bill saw bids of about GH¢876 million, with uptake at GH¢497 million. The 182-day bill had bids of GH¢702.95 million, with acceptance at GH¢520 million. The yield on the 91-day bill remained unchanged at 4.69%, while the yields on the 182-day and 364-day bills decreased marginally to 6.37% and 9.83%, respectively.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
