Govt Rakes in GH¢6.67bn as T-Bills Auction Sees Modest Oversubscription
Accra, Ghana - 14 April, 2025 - Ghana's government has successfully raised GH¢6.67 billion in its latest treasury bills auction, slightly exceeding its target.
According to data released by the Bank of Ghana, the auction recorded a modest oversubscription rate of 2.81%, with the government surpassing its target by GH¢66.21 million.
The 91-day bill was the most sought-after, attracting GH¢5.7 billion in bids, of which GH¢5.67 billion was accepted. This represented 84.4% of total submissions. The 182-day bill received GH¢908 million in bids, all of which were accepted, while the 364-day bill drew just over GH¢187 million, also fully accepted.
Despite GH¢121.7 million worth of bids being rejected, yields on all tenors continued their downward trend. The 91-day bill yield dropped by 20 basis points to 15.45%, the 182-day bill eased to 16.21% from 16.50%, and the 364-day bill declined by 18 basis points to 18.65%.
The Bank of Ghana regularly publishes the results of treasury bill auctions on its website, providing insights into the government's borrowing activities. For the latest information on treasury bill rates and auction results, you can visit the Bank of Ghana's website, https://www.bog.gov.gh/
Source: Lead News Online
