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Gov't Exceeds T-Bill Auction Target for First Time after 8 Consecutive Week of Undersubscription
The Government successfully raised GHS 5.52 billion in its latest Treasury Bill auction on Friday, surpassing its GHS 5.4 billion target.
This represents an oversubscription rate of 2.37% or GHS 128 million, marking the first oversubscription since July following eight consecutive weeks of undersubscription.
The oversubscription in the Treasury's latest auction can be attributed to the rising yields in short-term debt instruments.