The government has for the second week strong recorded a 385 oversubscription of its treasury bills across the short-term bills.

According to data from the Bank of Ghana, the 91-day and 182-day bills went up marginally.

The government targeted GH¢5.80 billion but attracted total bids amounting to GH¢8.01 billion, the government however, accepted GH¢6.95 billion.

A little over 61% of the bids came from the 91-day bill. About GH¢4.9 billion of the bids were tendered, with the government accepting GH¢4.0 billion.

Government makes strong Treasury comeback with 110% oversubscription

For the 182-day tenor, total bids reached GH¢2.09 billion, out of which GH¢1.85 billion was taken up.

The 364-day bill also saw strong demand, with GH¢1.01 billion tendered. A little above GH¢1.0 billion was accepted.

Yields on the shorter tenors continued to move upwards.

The 91-day bill inched up by 3 basis points to 11.08%, while the 182-day bill climbed to 12.55%.

SP

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