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
-
Mahama Ayariga confident of fixing Ghana’s local government system within tenure
5 minutes -
Iran war won’t end until after crucial November elections, says Trump
13 minutes -
Who is really protecting the business?
15 minutes -
Mahama Ayariga: I left Parliament to help fix Ghana’s local governance system
17 minutes -
Gov’t planning to phase out ‘Aboboya’ with new waste collection system – Mahama Ayariga
19 minutes -
Video: Medeama touch down in Lubumbashi ahead of CAF Champions League second leg against TP Mazembe
20 minutes -
Royal family rift after popular TV news presenter chosen to succeed Ugandan king
22 minutes -
‘My job is to push them to work’ – Ayariga vows to make MMDAs tackle sanitation
22 minutes -
Ghana Badminton unveils Junior Shuttlers for African title defence in Egypt
39 minutes -
Thomas Partey ruled out of Al-Shabab’s next two matches
1 hour -
2026 U-20 WWC: Sarah Nyarko targets knockout stages with Black Princesses after victory over South Korea
1 hour -
President Mahama warns: Poor refereeing, match manipulation are destroying Ghana football
2 hours -
Businessman rejects GH¢79.7m judgment windfall – He says actual claim was below GH¢10m
2 hours -
Mahama calls on GFA, clubs to raise standard of domestic football
2 hours -
Ghana’s Rahim Ibrahim makes Champions League debut in PSG thrashing
2 hours