The government has successfully mobilized GH¢4.91 billion through its Treasury Bill issuance, surpassing the GH¢3.67 billion target.
The oversubscription, totalling GH¢1.24 billion, underscores the resilience of government securities in the face of evolving market conditions.
Despite a reduction in yields across the 91-Day, 182-Day, and 364-Day tenors, investor appetite remained strong.
The 91-Day Bill, in particular, garnered significant interest, followed by the 182-Day and 364-Day Bills. Successful bids amounted to GHS 3.82 billion, GHS 822 million, and GHS 272 million, respectively.
Yields experienced marginal declines, with the 91-Day and 182-Day Bills settling at 25.19% and 27.39%, respectively, reflecting reductions of 25 basis points and 40 basis points compared to the previous auction.
Conversely, the yield for the 364-Day Bill remained steady at 27.99%.
Looking ahead, the Treasury aims to raise GHS 3.18 billion in the forthcoming auction, underscoring continued investor interest in government debt instruments.
The successful issuance of T-Bills and its subsequent oversubscription last Friday further solidifies the Government’s ability to navigate the financial landscape amidst challenging economic dynamics.