Audio By Carbonatix
The government borrowed ¢16.34 billion via Treasury bills in December 2023, about 6.62% more than in November 2023.
This was to refinance matured bills worth ¢12.83 billion. The excess uptake was also used to cover other budgetary needs.
Investor demand for T-bills remained robust in December 2023, as the treasury received bids of ¢16.35 billion versus a combined target of ¢16.12 billion.
Yields saw mixed performance on a month-on-month basis, with the 91-day bill declining to 29.36%, while the 182-day advanced to 31.95%.
The 364-day yield also recorded a 74 basis points decline to 32.49%.
Analysts anticipate high auction uptakes in January 2023 to present upside pressures to T-bill yields, though continued disinflation may slow the rise.
If inflation continues to decline, yields will also come down.
The treasury received bids totalling ¢4.21 billion in the last auctioning for 2023 against an auction target of ¢4.08bn.
The government accepted all bids, with the uptake exceeding the week’s refinancing obligation by 65%.
Latest Stories
-
Ghana ranked joint 6th in 2026 Absa Africa Financial Markets Index
10 minutes -
Demand and savings deposits decreased in August 2026, but currency outside banks increased by 4%
37 minutes -
Fiscal policy implementation poses downside risk to inflation – BoG
1 hour -
Organised Labour should seek fair adjustment, not excessive pay rise – Labour consultant
1 hour -
BoG maintains medium-term inflation target of 8 ± 2%
1 hour -
Sammi Awuku urges NPP Germany to unite ahead of 2028 elections
2 hours -
The Inconvenient Truth: We cannot pray for the cure while protecting the disease
3 hours -
MTN Ghana trains civil society organisations on artificial intelligence
3 hours -
GoldBod FX framework aims to make dollar supply predictable – Acheampong
4 hours -
How does a Ghanaian team make it to the BAL?
4 hours -
Ghana’s investment climate presents opportunities for industrial growth and job creation.
4 hours -
‘I paid thousands to a company for jobs that never came’
4 hours -
SSNIT intensifies informal sector enrolment drive with Techiman float
5 hours -
Ghana seeks long-term mining investments that benefit local communities – Armah-Kofi Buah
5 hours -
GHATOF demands compensation for 85 businesses affected by La Pleasure Beach demolition
5 hours