Investors favour 364-day treasury bill in latest debt auction

Investors demonstrated a strong preference for the 364-day Treasury bill in the latest government debt auction, with bids reaching about GH¢474 million. The government accepted GH¢224.35 million of these bids, with interest rates ranging from 8.8 per cent to 11.4 per cent. The 182-day Treasury bill was the second most sought-after instrument, attracting bids worth GH¢235.9 million, of which GH¢153.69 million was accepted.

Overall, investors submitted bids totalling about GH¢2.9 billion, while the government accepted approximately GH¢1.7 billion.

Brief written by urgent.news from The Chronicle Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.