Investors submitted total bids of GH¢3.91 billion across the 91-day, 182-day and 364-day bills, exceeding the Treasury’s target of GH¢3.30 billion. Of the amount tendered, GH¢3.85 billion was accepted.

The 91-day Treasury bill continued to attract the strongest demand, with bids amounting to GH¢2.4 billion. The government accepted the full amount offered.

Demand for the 182-day bill reached GH¢781 million, out of which GH¢726 million was taken up.

The 364-day bill recorded bids of GH¢686 million, all of which were accepted.

Analysts attribute the revived demand for these bills to the rebound in bank participation and a softer maturity profile, which together supported the oversubscription outcome.

Interest rates edged up slightly across all maturities, reflecting sustained demand at the auction. The yield on the 91-day bill rose by 1 basis point to 11.09%. The 182-day bill yield increased to 12.52% from 12.43% in the previous auction, while the 364-day bill yield climbed by 3 basis points to 12.94%.

Looking ahead, the Treasury is targeting GH¢3.99 billion across the three short-term instruments at its next auction.