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.SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)91 Day Bill5.799bn5.677bn182 Day Bill908.44m908.44m364 Day Bill157.94m157.94Total6.865bn6.744bnTarget6.678bn
