The Bank of Ghana’s Treasury bills auction worth GH¢1,953.83 million was oversubscribed by 37.30%.
At the end of the auction, T-bills worth GH¢1,571.46 million were accepted across 91-Day bills, and GH¢382.37 million across 182-Day bills.
Accepted bids equalled tendered bids by representing an acceptance rate of 100%, an increase of 355bps compared to a 343bps decrease the previous week.
BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,571.46 | 1,571.46 |
| 182-Day T-Bill | 382.37 | 382.37 |
| TOTAL | 1953.83 | 1,953.83 |
Yields in 91-Day and 182-Day bills each increased marginally by 0.14% to settle at 35.76%, and 35.81% respectively.
The target for the next auction (Tender #1837) is GH¢2,759.00
Source: norvanreports.com