Gov’t shatters Treasury Bill target, raising GHC5.782bn over a lower target of GHC2.862bn; 101% oversubscription

Government had initially aimed to raise GHC2.862 billion in the auction, a move interpreted as cautious given the recent market performance. However, investor appetite proved much stronger, with total bids amounting to GHC6.034 billion across the three tenors of 91-day, 182-day, and 364-day bills. Government accepted GHC5.782 billion, successfully purchasing more than double its target, […]