- Ghana treasury bill auction oversubscribed by nearly 90%.
- Yields fall sharply across all maturities.
ACCRA, GHANA – Ghana’s Treasury bill market remains strongly oversubscribed as investor demand for short-term government securities continues to outpace supply despite a sharp decline in yields.
The latest auction by the Bank of Ghana saw the government raise GH¢6.14 billion ($570mn), exceeding its target of GH¢5.67 billion ($526mn) by GH¢458 million ($42mn), underscoring sustained appetite for sovereign paper.
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