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Govt T-bill oversubscribed by 30%; secures GH¢3.5bn

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The government surpassed its treasury bill target after it recorded a 30 percent oversubscription at last week’s auction.

In total, GH¢3.5 billion was secured despite a target of GH¢2.7 billion albeit at declining interest rates.

Most of the bids came from the 91-day T-bills where about GH¢2.71 billion was accepted.

For the 182-day bill, GH¢608 million of the bids were tendered and the uptake was the same.

The 364-day bill recorded bids worth GH¢201 million. All the bids were accepted.

Yields are still ranging between 25 and 27 percent on the treasury market.

The yields on the three-month bill declined marginally to 25.03% from 25.10%.

That of the six months bill fell slightly from 26.95% to 26.92% whereas the one-year bill eased from 27.95% to 27.91%.

Screenshot 2024 06 03 at 08.29.43 1536x1203 1 Channel1 News Govt T-bill oversubscribed by 30%; secures GH¢3.5bn

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