The government continues to record strong demand for its treasury bill (T-bill) issuances, with investors oversubscribing auctions for the ninth consecutive week.

The sustained interest follows the Bank of Ghana’s decision to cut the policy rate by 2.5 percentage points to 15.5 percent, a move that has enhanced the appeal of government securities.

Data from the Bank of Ghana show that investors submitted bids totaling about GH¢17.1 billion at the latest auction, while the government accepted GH¢12.3 billion.

Demand was strong across all tenors—91-day, 182-day and 364-day bills. For the second successive week, the 364-day bill attracted the highest interest, with investors tendering GH¢6.54 billion, of which GH¢5.97 billion was accepted.

The 91-day bill recorded bids of GH¢5.91 billion, but the government took up only GH¢2.79 billion. Meanwhile, investors offered GH¢4.65 billion for the 182-day bill, with GH¢3.55 billion accepted.

The continued oversubscription underscores investor confidence in government securities amid the current interest rate environment.