Ghana treasury bills see strong investor demand despite falling yields

• 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.