Following an upgrade in Ghana’s credit rating by Fitch to B- and a stable outlook, the government recorded an oversubscription of its treasury bills for the first time in two months. According to the auction results by the Bank of Ghana, the Treasury recorded an 80% oversubscription of the short-term instruments. Investors responded swiftly to the […]
The government plans to borrow fresh debt in treasury bills and bonds worth GH¢15.231 billion between March and June 2026. This is to support budget implementation whilst rolling over existing debt maturities. The issuance of the treasury securities will be via the 91-day, 182-day and the 364-day treasury bills. It will be done weekly through […]
Investors continued to shift their investments into Bank of Ghana bills and fixed deposits, as they prefer financial instruments with higher returns. According to auction results by the Bank of Ghana, the government failed to meet its target for the second week running. It was actually undersubscribed by 30%. The Treasury received GH¢2.59 billion of […]
Ghana’s Treasury recorded an oversubscription in its primary Treasury bill auction last week, as investor demand surged by 97.82 per cent above the government’s target for the first time in two months. According to the latest data from the Bank of Ghana, the auction attracted total bids worth GH¢20.98 billion. Of this amount, the Treasury […]
The government of Ghana has rejected GH₵2.9 billion in Treasury bill bids following a highly oversubscribed auction, as investors flooded the market with offers totaling GH₵10.6 billion. The Treasury had set a target of GH₵7.3 billion but ended up accepting GH₵7.7 billion, slightly above its goal. The move to reject a significant portion of the […]
Government’s Treasury bills sale were marginally oversubscribed as interest rates hit 29.2%. According to the results from the Bank of Ghana, the government received bids worth ¢2.29 billion, about 4.04% oversubscription. The government had in March 2023 forced interest rates to go down to 18.0% in March 2023, but the rates have been surging since […]
