Ghana's T-bill Auction Sees 2.8% Oversubscription

The Bank of Ghana received bids totaling 2.8% more than the offered amount for the treasury bills, indicating strong investor demand. The auction covered various maturities, with the majority of bids concentrated in the 91-day and 182-day instruments. The government's target for the auction was set at 5.0 billion cedis, and the final allotment reached 5.14 billion cedis. This oversubscription reflects continued confidence in Ghana's short-term debt market, despite ongoing fiscal challenges.