T-bills auction: Government records 41% oversubscription; but yield on 91-day bill increases
A little over GH¢3.0 billion of the bids came from the 91-day bill, representing 59% of the total bids. The uptake was about GH¢2.9 billion
The government has exceeded its treasury bills target by a significant 41%, raising GH¢5.01 billion, as per the latest auction results from the Bank of Ghana. This follows the government's borrowing of approximately GH¢14 billion through short-term instruments in October 2026. The bids accepted by the government surpassed the targeted amount, with GH¢4.10 billion accepted, indicating an increase in demand for these securities.
A substantial portion of the bids, about GH¢3.0 billion, came from the 91-day bill, accounting for 59% of the total bids. The 182-day bill also received bids of around GH¢1.6 billion, while the 364-day bill saw bids of approximately GH¢388.45 million. However, not all bids were accepted; only about GH¢2.9 billion from the 91-day bill, GH¢934.50 million from the 182-day bill, and GH¢243.15 million from the 364-day bill were accepted.
This resulted in an overall oversubscription, with the total bids accepted amounting to GH¢4,106.65 billion, exceeding the initial target of GH¢3.543 billion.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
