Govt raises GH₵5.83bn from T- Bills amid strong investor demand
Investor confidence in Ghana’s Treasury Bills surged last Friday, with the government raising GH₵5.83 billion, exceeding its target of GH₵5.62 billion by 3.61%.
The strong response reflects sustained interest in short-term government securities, as all bids across the 91-day, 182-day, and 364-day Treasury bills were accepted.
Yields saw an increase across all tenors, with the 91-day Treasury bill climbing by 26 basis points to 26.83%, the 182-day bill up by 9 basis points to 27.68%, and the 364-day bill rising 9 basis points to 29.13%. These competitive rates continue to attract investors looking for stable returns amid economic volatility.
Ghana’s fixed-income market also reported increased activity, growing by 29.3% to GHS 3.71 billion, with Treasury bills comprising 55.14% of the total volume. Corporate bonds accounted for 15.53%, new government notes and bonds contributed 15.11%, while sell-buyback trades made up 14.22%.
On the foreign exchange front, the Ghanaian cedi weakened slightly by 0.31% against the U.S. dollar, closing at GHS 16.35 per dollar. However, it gained strength against the British pound and euro, closing at GH₵21.09 and GH₵17.50 respectively.
Meanwhile, the Ghana Stock Exchange’s Composite Index gained 2.2% to close at 4,629.10 points, marking a 47.88% year-to-date rise, driven by gains in shares of CalBank, Ecobank Transnational, Access Bank, Camelot, MTN Ghana, and Goyal. Despite this, trading volumes dipped by 58.13% to 2.48 million shares, totaling GHS 6.28 million in turnover. Looking ahead, financial and ICT stocks are anticipated to drive further performance in the stock index.
