Ghana: Government Treasury Bills Experience Slight Over-Subscription

Government borrowing through treasury bills has slowed down since the beginning of the second quarter, yet demand for the bills seems to have also decreased.

At the latest auction on Friday, May 3, 2024, patronage for government treasury bills saw a marginal over-subscription of approximately 17 percent. Initially targeting to borrow about 2.96 billion cedis, the government received slightly over 3.46 billion cedis, exceeding its target by an additional 500 million cedis.

This slight…