The government will borrow ¢2.91 billion across the 91-day to 364-day treasury bills this week.
The proceeds from the auction will partly be used to refinance upcoming maturities estimated at ¢1.74 billion.
There is the belief by market watchers that the significant difference between the maturing bills and the auction target could signal the government’s need for funds.
Analysts however expect yields to rise.
Last week, the T-bill auction garnered substantial investor participation, with total bids of ¢2.30 billion surpassing the gross target.
The successful bids reached GH¢2.28bn, signaling a recovery in demand, though the target amount was lower than previous weeks.
According to the auction result, the 91-day T-bill recorded the biggest jump in interest rates, as the yield shot up by 1.27% to 22.97%.
For the 364-day T-bill, the yield went up by 0.34% to 29.25%.
That of the 182-day bill also went up to 25.44%, from 24.97% recorded the previous week.
Meanwhile, the 91-day bill recorded the biggest uptake of 81.7% of the total T-bills subscription.
About ¢1.879 billion was offered by the investors in which the government accepted ¢1.861 billion.
For the 182-day T-bills, the government secured ¢304.16 million.
About ¢115.7 million was tendered by the investors for the 364-day bill in which the government accepted ¢112.60 million.
Latest Stories
-
Art Tech Institute launched to revolutionise jewelry education in Ghana
18 mins -
Mohammed Kudus’ solo strike against Freiburg wins West Ham Goal of the Season
1 hour -
MTN FA Cup: Nsoatreman beat Legon Cities to make first-ever final
1 hour -
MTN Ghana Foundation’s new maternity, NICU block brings joy to expectant and nursing mothers on Mother’s Day
3 hours -
Finance Minister urges GRA Customs Division to intensify revenue collection efforts
3 hours -
Work hard to exceed expectations – Finance Minister to Customs officials
4 hours -
World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law – CSOs, others
4 hours -
Ghana’s secondary education ranking misrepresented – MoE
4 hours -
Roads leading to Manhyia Palace to be blocked on Sunday
4 hours -
Fifa defends Club World Cup schedule
6 hours -
MEL Findings reveal Indigenous knowledge crucial for western science, disaster risk management & climate adaptation
6 hours -
Ahafo Ano South East: Voter registration turns chaotic as 2 sustain machete wounds
7 hours -
NMC to hold national conference on disinformation
7 hours -
MPs call on government to prioritise action on coastal devastation
8 hours -
Ghana Meteo warns of thunderstorms, variable rains over the country
8 hours