The government recorded an oversubscription of its treasury bills auction for the first time in a month.
According to auction results by the Bank of Ghana, the Treasury recorded a marginal 2.81% oversubscription of the T-bills sale.
It got GH¢6.67 billion from the T-bills sale but rejected GH¢121.7 million of the bids tendered.
About GH¢5.7 billion were tendered for the 91-day bill, representing 84.4% of the total bids. The bids accepted were estimated at GH¢5.67 billion.
For the 182-day bill, GH¢908 million were tendered. All of the bids were accepted.
A little over GH¢187 million were also tendered for the 364-day bill. All of the bids were accepted.
Meanwhile, interest rates continued to fall but marginally on the yield curve.
The yield on the 91-day bill declined marginally by 19 basis points to 15.45%.
That of the 182-day also eased to 16.21% from the previous 16.50%.
The interest on the 364-day bill also dropped by 18 basis points to 18.65%.
he Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, for her part said the government views the pharmaceutical sector not only through the lens of public health, but also as a strategic pillar of the industrial transformation agenda.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 5.799bn | 5.677bn |
| 182 Day Bill | 908.44m | 908.44m |
| 364 Day Bill | 157.94m | 157.94 |
| Total | 6.865bn | 6.744bn |
| Target | 6.678bn |
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