{"id":591389,"date":"2026-05-18T22:49:14","date_gmt":"2026-05-18T22:49:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/591389\/"},"modified":"2026-05-18T22:49:14","modified_gmt":"2026-05-18T22:49:14","slug":"strong-investor-demand-pushes-t-bill-oversubscription-to-34-8","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/591389\/","title":{"rendered":"Strong investor demand pushes T-bill oversubscription to 34.8%"},"content":{"rendered":"

\"The <\/a>The 91-day Treasury bill attracted the highest investor interest<\/p>\n

The Government of Ghana has recorded strong investor demand for Treasury bills for the second auction, with total bids exceeding the target by GH\u00a21.17 billion.<\/p>\n

According to auction results released by the Bank of Ghana, investors submitted bids worth GH\u00a25.80 billion against a target of GH\u00a24.30 billion, representing an oversubscription of 34.8%.<\/p>\n

The government, however, accepted GH\u00a25.48 billion, rejecting some bids in what analysts say reflects efforts to maintain pricing discipline by turning down relatively expensive offers.<\/p>\n

The 91-day Treasury bill attracted the highest investor interest, recording GH\u00a23.83 billion in bids, of which GH\u00a23.65 billion was accepted.<\/p>\n

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The 182-day bill received GH\u00a2709.83 million in bids, with GH\u00a2671.72 million accepted, while the 364-day bill recorded GH\u00a21.26 billion in bids, of which GH\u00a21.15 billion was accepted.<\/p>\n

The strong appetite for short-term instruments was partly driven by the recent bearish performance of the equity market, pushing investors towards safer government securities.<\/p>\n

The Bank of Ghana also noted that the relatively lower auction target may have contributed to the strong subscription levels.<\/p>\n

Yields on Treasury bills, however, continued to rise across all tenors. The 91-day bill increased by 3 basis points to 4.91%, while the 182-day bill rose marginally to 7.04% from 7.03% the previous week.<\/p>\n

The 364-day bill climbed by 25 basis points to 10.38% from 10.13%.<\/p>\n

The Treasury has indicated it is targeting approximately GH\u00a24.49 billion in the next auction as investors position themselves ahead of the Monetary Policy Committee (MPC) decision.<\/p>\n

Despite strong demand, rising yields suggest investors continue to price in inflation risks ahead of the upcoming MPC meeting.<\/p>\n

SO\/MA<\/p>\n

‘Konica printers offer affordable cost per print’ \u2013 Richard Gyimah<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"The 91-day Treasury bill attracted the highest investor interest The Government of Ghana has recorded strong investor demand…\n","protected":false},"author":2,"featured_media":591390,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-591389","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/591389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=591389"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/591389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/591390"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=591389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=591389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=591389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}