Government raised more than expected at the latest treasury bills auction. The auction exceeded its target by 61%, reflecting strong investor confidence. A total of GH¢12.8 billion was accepted against a target of GH¢9.8 billion. Overall bids tendered amounted to GH¢15.9 billion. The 364-day bill recorded the highest demand, making up nearly half of total bids.
Most bids for the 182-day bill were fully accepted by the Bank of Ghana. Interest rates were mixed, with short-term rates stable but longer-term rates rising. The 364-day bill rate climbed to 13.06%, signaling higher borrowing costs.
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