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Ghana's government raised $583 million in a treasury bill auction, exceeding its target by 246%, due to strong investor demand.
Ghana's government raised GH¢5.83 billion in a treasury bill auction, exceeding its target by 246%, with total bids reaching GH¢17.24 billion.
Strong investor demand, especially for the 364-day bill, drove yields down across all maturities—91-day to 9.96%, 182-day to 11.81%, and 364-day to 12.06%.
This marks the tenth straight oversubscribed auction, reflecting high confidence in government securities despite falling interest rates.
The next auction target is set at GH¢6.42 billion.
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El gobierno de Ghana recaudó $ 583 millones en una subasta de letras del tesoro, superando su objetivo en un 246%, debido a la fuerte demanda de los inversores.