Government raises GH¢6.69 billion in its latest treasury securities auction
The government raised a total of GH¢6.69 billion in its latest treasury securities auction held on Friday, April 25, 2025, surpassing its targeted amount of GH¢6.14 billion.
This is against the GH¢1.98 billion undersubscription witnessed in the previous week’s auction.
The auction, which recorded an oversubscription of GH¢548 million, saw strong investor appetite, particularly for shorter-dated instruments.
Total bids tendered by investors amounted to GH¢7.26 billion, exceeding the government’s target by GH¢1.11 billion.
According to results published by the Bank of Ghana, bids were received and accepted across the 91-day, 182-day, and 364-day tenors, with the 91-day bill dominating subscriptions.
For the 91-day bill, GH¢5.21 billion was accepted out of GH¢5.32 billion tendered.
The 182-day bill recorded GH¢1.29 billion accepted out of GH¢1.56 billion tendered, while the 364-day bill saw GH¢192 million accepted out of GH¢381 million tendered.
A detailed analysis shows that the 91-day bill alone accounted for approximately 77.8% of the total amount accepted, reaffirming its position as the preferred investment choice among investors.
The 182-day and 364-day bills constituted 19.2% and 2.8% respectively, the Bank of Ghana said.
Meanwhile, yields across all instruments experienced marginal declines.
The 91-day bill yield fell to 15.32% from 15.45% recorded in the previous auction.
Similarly, the 182-day bill yield declined to 16.03% from 16.21%, while the 364-day bill yield dropped to 18.37% compared to 18.62% the previous week.
SP/AE
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