Audio By Carbonatix
The government failed to meet its treasury bills target on the money market as interest rates remained relatively stable.
According to auction results by the Bank of Ghana, the T-bills sale was undersubscribed by 15.4%.
This was one of the few auctions in 2024 that the government could not achieve its target.
Whilst the targeted amount was GH¢4.86 billion, the government got GH¢4.11 billion.
The majority of the bids came from the 91-day T-bills. About GH¢3.05 billion, representing 71.145 was secured.
For the 182-day bill, GH¢795 million of the bids were tendered and the uptake was the same.
The 364-day bill recorded bids worth GH¢269.15 million. All the bids were accepted.
Meanwhile, interest rates remained relatively the same.
The yield on the 91-day bill was unchanged at 25.09%, whereas the six-month bill went for the same interest of 26.94%.
However, the yield on the 364-day eased slightly to 27.94%, from 27.95% previously.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.051 billion | 3.051 billion |
| 182 Day Bill | 795.00 million | 795.00 million |
| 364 Day Bill | 269.15 million | 269.15 million |
| Total | 4.115 billion | |
| Target | 4.865 billion |
Latest Stories
-
Why Ghana’s Constitution Review Committee’s Work Should Be Extended to Strategic Communication
3 minutes -
Prof. Prempeh defends lowering presidential age, cites Kufuor’s early leadership roles
20 minutes -
Presidential Age Limit: Unrestricted democracy could breed chaos – Prof. Agyeman-Duah warns
30 minutes -
MP Baffour Awuah advocates for legal framework on presidential continuity, not term extension
34 minutes -
Ghanaians entitled to propose constitutional changes – Charlotte Osei
37 minutes -
At 30, you lack the experience to be a President – Prof Agyeman-Duah
41 minutes -
One-year extension of presidential term unnecessary – Baffuor Awuah
47 minutes -
Sam George lauds coordinated crackdown on cybercrime in Tabora and Lashibi
52 minutes -
100 arrested in Accra’s Tabora in major Mobile Money fraud crackdown
56 minutes -
BOG put GH¢4.69bn into gold-for-oil, lost over GH¢2.1bn with no impact — Audits show
1 hour -
CRC opted for broader reforms over abolishing ex-gratia – Charlotte Osei
2 hours -
Mahama’s record shows four-year presidential term is sufficient – Inusah Fuseini
2 hours -
Four-year term enough for accountability – Inusah Fuseini
2 hours -
CRC Proposals: We were very mindful not to create problems while solving existing ones – Charlotte Osei
2 hours -
Ebo Noah’s ‘faith’ or Climate Change: Rains on Christmas eve and day in Ghana?
2 hours