The government has once again recorded a 34.8 per cent oversubscription in its treasury bills auction, marking the second consecutive week of strong investor demand, according to results released by the Bank of Ghana.
Total bids for the week stood at GH¢5.79 billion, exceeding the target of GH¢4.30 billion. Out of this, GH¢5.47 billion was accepted.
The 91-day treasury bill dominated subscriptions, attracting GH¢3.83 billion, representing about 66 per cent of total bids.
The government accepted GH¢3.65 billion from this instrument.
The 182-day bill recorded bids of GH¢709.83 million, with GH¢671.72 million accepted, while the 364-day bill saw bids of GH¢1.25 billion, of which GH¢1.15 billion was taken up.
Yields, however, moved in mixed directions across the curve.
The 91-day bill rose slightly by 3 basis points to 4.91 per cent, while the 182-day bill inched up marginally to 7.04 per cent from 7.03 per cent.
The 364-day bill, on the other hand, declined by 25 basis points to 10.38 per cent.
