Interest rates surged marginally on the domestic market to almost 29%, enabling the government to achieve a 16% oversubscription of its Treasury bills sale. This is coming after remaining relatively stable for the last three auctioning or weeks. According to the latest auction by the Bank of Ghana, the government raised 1.33 billion from the sale of the short-term securities, as against the target of 1.153. Interest rates on the 91-day T-bill went up by almost 1.0% to 27.04%, from the previous week, whilst that of the 182-day T-bill stood at 28.50%, from 28.25% the past week. The 364-day T-bill however went for 28.40%, lower than the 6-months bill. As usual, investors were more interested in the three months bill as ¢954.66 million was secured. Indeed, government accepted all the bids submitted for the 91-day bill. Despite, the yield on the six-month bill going up, bids submitted by the investors were estimated at ¢268.43 mill...