Treasury Bills Undersubscribed as Investor Demand Falls Short
Published . Category: Finance.
Investor appetite for Ghana’s Treasury bills weakened last week, with total bids falling significantly below the government’s target of GH¢4.93 billion. Accord…
Investor appetite for Ghana’s Treasury bills weakened last week, with total bids falling significantly below the government’s target of GH¢4.93 billion. According to the latest auction results from the Bank of Ghana, only GH¢3.94 billion worth of bids were received, of which GH¢3.23 billion was accepted. Breaking down the numbers, the short term 91 day bills remained the most popular, drawing bids of about GH¢2.55 billion, but only GH¢2.21 billion was allotted. The medium term 182day bills attr…