T-bills auction: Gov’t records 41% oversubscription, but yield on 91-day bill increases
The government exceeded its treasury bills target by 41% to GH¢5.01 billion, according to the Bank of Ghana auction results. This follows the government borrowing of about GH¢14 billion through short-term instruments in October 2026. The bids accepted by the government were GH¢4.10 billion, higher than the targeted amount. A little over GH¢3.0 billion […]
In a recent treasury bills auction, the government surpassed its target by a significant margin. According to the Bank of Ghana auction results, the government secured GH¢5.01 billion in bids, exceeding its objective by 41%. This follows the government borrowing of approximately GH¢14 billion through short-term instruments in October 2026. The government bids amounted to GH¢4.10 billion, surpassing the targeted amount.
The majority of the bids, around GH¢3.0 billion, were for the 91-day bill, making up 59% of the total bids. The remaining GH¢2.9 billion was for the 182-day bill, totaling about GH¢1.6 billion. Out of the bids, GH¢934.50 million were accepted for the 182-day bill. The 364-day bill also received bids, with GH¢243.15 million accepted.
The yield on the 91-day bill increased by 2.0 basis points to 4.56%, indicating a rise in interest rates. However, the yield on the 182-day bill declined to 6.20% from the previous week's 6.26%, showing a decrease in interest rates for this bill. Additionally, the yield on the 364-day bill decreased by 12.0 basis points to 9.48%.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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