FIXED INCOME MARKET 10/06/2024

Government raises GHS 5.25 billion in oversubscribed T-Bill auction

In a robust display of investor confidence, the Government successfully mobilized GHS 5.25 billion through its latest T-Bill issuance, significantly surpassing the initial target of GHS 4.40 billion.

This achievement marks an oversubscription rate of 19.4%, equivalent to an excess of GHS 855 million above the target.

With marginal yield increments across the 182 and 364-day tenors, the auction attracted substantial investor interest.