Investor demand for Ghana’s short-term authorities securities remained resilient in the most recent Treasury invoice public sale on March 14, 2025, with bids totaling GH¢9.26 billion, exceeding the federal government’s GH¢8.26 billion goal by 10.7%.
Despite the oversubscription, yields continued to say no throughout all maturities.
The authorities accepted GH¢8.77 billion in bids, surpassing its goal by GH¢512 million whereas rejecting GH¢490 million value of affords.
The 91-day invoice noticed the strongest demand, attracting bids of GH¢6.22 billion, all of which had been accepted.
The 182-day and 364-day payments recorded bids of GH¢1.83 billion and GH¢1.20 billion, with accepted quantities of GH¢1.80 billion and GH¢746 million, respectively.
Yields on the 91-day and 182-day devices fell to fifteen.86% and 16.92%, down 185 and 204 foundation factors from the earlier public sale.
The 364-day invoice additionally declined, settling at 18.96%, a 102-basis-point drop.
The public sale outcomes come as the federal government plans to lift an extra GH¢6.14 billion in short-term debt at its subsequent sale on March 21, 2025.
SP/MA