Adoa News Adoa News
Related Articles
Investor confidence in Ghana’s treasury market has seen a notable rebound following the successful completion of the 5th review of the country’s programme with the International Monetary Fund (IMF).
According to the Bank of Ghana’s latest trading results, treasury bills were oversubscribed by 23.5%, signaling renewed optimism in the government’s short-term debt instruments.
Strong Demand Returns
- The government targeted GH¢5.269 billion, but received total bids worth GH¢6.507 billion — marking a return to oversubscription after two consecutive weeks of underperformance.
- Out of the total bids, GH¢6.33 billion was accepted.
Breakdown by Tenure:
- 91-day bill: Attracted the majority interest, with GH¢5.415 billion tendered and GH¢5.409 billion accepted — accounting for over 83% of total bids.
- 182-day bill: Received GH¢941.71 million in bids, with GH¢786.71 million accepted.
- 364-day bill: Attracted GH¢150.4 million, of which GH¢140.4 million was accepted.
Interest Rate Movements:
- 91-day bill yield rose by 6 basis points, now at 10.53%.
- 182-day bill yield dipped slightly to 12.30%, from 12.35% the previous week.
- 364-day bill yield increased by 9 basis points, reaching 12.87%.
Market analysts attribute the surge in investor interest to growing confidence in Ghana’s fiscal outlook after the IMF review, coupled with stabilizing macroeconomic indicators.
| 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 |
