Investor sentiments on the treasury market soared following the successful completion of the 5th review of Ghana’s programme with the International Monetary Fund.
According to trading result by the Bank of Ghana, treasury bills were oversubscribed by 23.5%.
The government got GH¢6.507 billion from a target of GH¢ 5.269, and returning to oversubscription after two weeks of undersubscription.
It however accepted GH¢6.33 billion of the total bids.
A little over 83% of the bids came from the 91-day bill. About GH¢5.415 billion of the bids were tendered. The uptake was GH¢5.409 billion.
For the 182-day bill, GH¢941.71 million of the bids were tendered. The bids accepted were estimated to the tune of GH¢786.71 million.
Also, GH¢150.4 million of the bids were tendered for the 364-day bill. About GH¢140.4 million of the bids were accepted.
Meanwhile, the yield on the 91-day bill increased by 6.0 basis points to 10.53%.
That of the 182-day bill however went down to 12.30% from 12.35% the preceding week.
The yield on the 364-day bill increased by 9.0 basis points to 12.87%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 5.415bn | 5.409bn |
| 182 Day Bill | 941.70m | 786.71m |
| 364 Day Bill | 150.49m | 140.49m |
| Total | 6.507bn | 6.336bn |
| Target | 5.268bn |
Source:Myjoyonline