Audio By Carbonatix
The government recorded 121.4% oversubscription of Treasury bills to the tune of GH¢5.606 billion.
This follows the inflow of the second tranche of the International Monetary Fund (IMF) bailout package.
According to the treasury auction by the Bank of Ghana, interest rates fell for the 4th consecutive week in 2024.
The latest auction of the short-term financial instruments indicated a high demand by investors, largely banks.
About GH¢2.839 billion of the bids came from the 91-day bill, representing approximately 50.6% of the total bids. The uptake was GH¢2.72 billion.
For the 182-day T-bill, GH¢1.532 billion were tendered but GH¢1.531 billion were accepted.
The 364-day bill saw all the bids worth GH¢1.234 billion accepted.
Meanwhile, the yield on the 91-day bill fell by 29 basis points to 28.59%.
That of the 182-day bill also dipped to 31.09% from the past week’s 31.39%. T
he one-year bill also took a nose dive to 31.79% from the previous 31.99%.
| SECURITIES TENDERED | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.839 billion | 2.729 billion |
| 182 Day Bill | 1.532 billion | 1.531 billion |
| 364 Day Bill | 1.234 billion | 1.234 billion |
| Total | 5.606 billion | 5.495 billion |
| Target | 2.532 billion | |
Latest Stories
-
Dad unlawfully killed daughter in Texas shooting, coroner rules
3 hours -
Anas wins 7 – 0 as SC unanimously rejects attempts to reverse judgment in his favour
3 hours -
The cocoa conundrum: Why Ghana’s farmers are poor despite making the world’s best chocolate
4 hours -
Powerful cyclone kills at least 31 as it tears through Madagascar port
4 hours -
GoldBod summons 6 gold service providers over compliance exercise
5 hours -
Power disruption expected in parts of Accra West as ECG conducts maintenance
5 hours -
Police investigate alleged arson attack at Alpha Hour Church
5 hours -
Heavy Sunday downpour wrecks Denyaseman SHS, schools, communities in Bekwai Municipality
5 hours -
Ridge Hospital is in critical condition – GMTF Boss appeals to corporate Ghana
6 hours -
Introduce long term measures to tackle challenges in cocoa sector – IERPP to government
6 hours -
Agricultural Economist proposes blended financing model to support cocoa sector
6 hours -
NPP MP warns against reducing producer price as government rolls out cocoa reforms
7 hours -
Tano North MP urges halt to grain exports over food glut
7 hours -
Farmers hopeful as government moves to expedite cocoa payments
7 hours -
Tensions at Agbogbloshie market women oppose AMA drain cleaning exercise, items confiscated
7 hours