The government has achieved a slight oversubscription in its treasury bill sales for the fourth consecutive week.
Last week, it raised GH¢4.1 billion, exceeding its target of GH¢4 billion for these short-term instruments.
Recent auction results from the Central Bank show that the government surpassed its treasury bill auction goal by GH¢68 million this week.
All GH¢3.3 billion of the 91-day bills were accepted, along with GH¢549 million and GH¢200 million from investors for the 182-day and 364-day bills, respectively.
Yields continue to rise, which seems to have increased demand for these short-term debt instruments. The rates for the 91-day bill reached 26.5%, the 182-day bill hit 27.5%, and the 364-day bill ended at 29%.
In the upcoming auction, the government aims to raise GH¢5.6 billion.
