Ghana's T-Bills Rebound With GH¢1.2 Billion Oversubscription Amid Rate Decline

T-Bill Auction: Rates drop again as govt rejects GH¢570m

The treasury bill auction on April 25 saw total bids of GH¢7.3 billion with the government accepting GH¢6.7 billion and rejecting GH¢570 million. The strong demand resulted in rates dropping to 15.32%, 16.04% and 18.37% for the 91-day, 182-day, and 364-day securities respectively compared to 15.45%, 16.18% and 18.62% for the previous auction. The oversubscription […]

Ghana's T-Bills Rebound With GH¢1.2 Billion Oversubscription Amid Rate Decline

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-t-bills-rebound-with-gh%c2%a21-2-billion-oversubscription-amid-rate-decline/Ghana’s Treasury bill market showed renewed investor appetite last week as the government recorded an 18.2% oversubscription, raising GH¢7.3 billion against a target of GH¢6.1 billion. The Bank of Ghana accepted GH¢6.7 billion, rejecting GH¢570 million in excess bids markin…