Tag: Treasury Bill auction
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Treasury bill auction records 13.21% oversubscription; interest rate increases to 31.97 %
The government surpassed its auction target last week as the market continued to experience sufficient liquidity. Treasury bill sales recorded 13.21 percent oversubscription of its target of GHS 2,601 billion. According to figures from the Bank of Ghana, investors presented GHS 2.94 billion as against government’s target of GHS 2.60 billion A chunk of the…
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Treasury bill auction sees oversubscription as interest rate increases
The government saw a 5.63% over subscription in treasury bill sales, despite rising interest rates. This is according to the Bank of Ghana’s auction results for last week. The offer attracted bids amounting to GHS 3.20 billion out of the GHS 3.22 billion of the bids tendered. This increase indicates strong investor demand but also…