FIXED INCOME MARKET 03/06/2024

Treasury Bills oversubscribed by 29.5% despite yield reductions

The Government of Ghana on Friday successfully mobilized GHS 3.51 billion through its latest T-Bill issuance, significantly surpassing the initial target of GHS 2.71 billion.

This achievement, detailed in the Bank of Ghana's auction results released Friday evening, represents an oversubscription rate of 29.5% or GHS 801 million above the target.

Despite a reduction in yields across the three tenors offered—91-Day, 182-Day, and 364-Day Bills—investor demand remained robust.