Audio By Carbonatix
For the 5th consecutive week, the government failed to meet its treasury bills target.
According to auction results from the Bank of Ghana, the government got GH¢5.300 billion from the sale of the short-term instruments.
This was about 19% lower than the targeted amount of GH¢ 6.558 billion.
All the bids tendered were, however, accepted.
Around GH¢ 4.101 billion came from the 91-day bill, approximately 77.3% of the total bids tendered.
For the 182-day bill, GH¢ 967.19 million was tendered.
The 364-day bill however received total bids worth GH¢ 231.14 million.
Meanwhile, interest rates surged marginally due to the tightening liquidity.
The yield on the 91-day bill was 24.825% from 24.820 the previous week.
That of the 182-day bill was 26.764% from the preceding week’s 26.76%.
The rate of the 364-day bill was however 27.857% as against the past week’s 27.85%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | GH¢ 4.101 billion | GH¢ 4.101 billion |
| 182 Day Bill | GH¢ 967.19 million | GH¢ 967.19 million |
| 364 Day Bill | GH¢ 231.14 million | GH¢ 231.14 million |
| Total | 5.300 billion | 5.300 billion |
| Target | 6.558 billion |
Latest Stories
-
Civil society is not an adversary of gov’t, but partners in nation-building – Mahama
7 minutes -
Defeamekpor calls for interdiction of Land Ministry’s director of finance
11 minutes -
Atebubu Paramount Chief visits NPA boss to strengthen ties
11 minutes -
TGMA Group of the Year nominees to be announced this week – Robert Klah
16 minutes -
Ex-Effia MP writes: Big Push for infrastructure, Small Push for people
17 minutes -
Interior Minister demands probe into GH¢3m payments made outside GIFMIS
20 minutes -
Ex-Defence Ministry procurement director to face prosecution over GH¢4.8m scandal
35 minutes -
Gov’t committed to finishing Tema Motorway by 2027, says Agbodza
42 minutes -
OSP under threat from political interference — Kissi Agyebeng calls for constitutional protection
46 minutes -
T.I. Ahmadiyya SHS, Kumasi, celebrates 75 years of excellence
54 minutes -
Court orders SHS students to pay compensation for assault on teacher
56 minutes -
Mahama assents to 5 bills, including key amendments on security, education and finance
1 hour -
Students of Nkwantanang M.A 6 Basic School benefit from ‘Break the Silence’ Menstrual Awareness Initiative
1 hour -
Fuel price hike exposing NDCs’ deceitful politics—Mercer
1 hour -
Farmers trained in snail rearing, beekeeping and mushroom cultivation under EMBRACE project
1 hour