T-bill auction records 4.1% oversubscription as bids decline

Last week’s Treasury bill auction, the final primary market sale for October, closed with a 4% oversubscription.This comes as total bids reached GHS 2.55 billion against a target of GHS 2.45 billion.Recent data from the Bank of Ghana shows that the total value of bids tendered fell by about 40% compared with the previous week, pointing to a significant moderation in investor demand.