Ghana treasury bills attract strong demand as investors back recovery drive

Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
Busy street of Accra, Ghana. Photo by Jozua Douglas @ Pixabay
  • Treasury raises $140mn above target on strong investor demand
  • Oversubscription signals renewed confidence in Ghana’s macro outlook

 

ACCRA, GHANA – Ghana’s Treasury bill market remained firmly oversubscribed, with the government raising about GH¢1.5 billion ($140mn) above target at its latest short-term debt auction, signalling sustained investor confidence.

Data from the Bank of Ghana showed that total bids across the 91-day, 182-day and 364-day Treasury bills significantly exceeded the government’s financing target, allowing the Treasury to meet its needs comfortably while accepting most offers received.

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