Government secured GH¢2.99 billion from the treasury bills market at its last auction surpassing its target of GH¢2.65 billion.
This oversubscription was achieved as interest rates remained stable on the yield curve.
It signals a slight rebound in the demand for the short term instrument.
Majority of the bids came from the 91-day T-bills. GH¢2.36 billion was tendered. The uptake was the same.
GH¢573 million was tendered for the 182-day bill. All the bids were accepted.
For the 364-day bill, GH¢64 million was tendered and all was taken.
Interest rates for all tenors remained the same.
The three-month bill stayed at 24.87%. That of the six months and one year T-Bills stayed at 26.8 and 27.78 % respectively.