Audio By Carbonatix
For the seventh consecutive week, the government missed its auction target for treasury bills.
According to the auction results by the Bank of Ghana, the government missed its target by a marginal 1.66 percent.
The government got GH¢5.203 billion from a target of GH¢ 5.319 billion.
All the bids tendered for the short-term instruments were accepted. GH¢3.725 billion, representing 71.23% were tendered for the 91-day bill.
The uptake for the 182-day T-bill was however GH¢1.251 billion. It represented about 23.93% of the total bids.
For the 364-day bill, GH¢252.74 million were tendered.
Meanwhile, interest rates eased across the yield curve in line with an anticipated decline due to the falling rate of inflation.
The yield on the 91-day bill declined by 6.0 basis points to 24.78%.
The interest on the 182-day bill also dipped to 26.68%, from the previous week’s 26.74%.
Again, the yield on the 364-day bill also declined by 4.0 basis points to 27.81%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.725 billion | 3.725 billion |
| 182 Day Bill | 1.251 billion | 1.251 billion |
| 364 Day Bill | 252.74 million | 252.74 million |
| Total | 5,230 billion | 5230 billion |
| Target | 5.319 billion | |
Latest Stories
-
WUSC–ACTIVATE Project equips over 200 youth with practical agriculture skills in Asante Mampong
7 minutes -
IMANI brief: Ghana’s 24-hour economy needs systems, not new authorities
11 minutes -
Tems becomes first African female artiste to have 7 entries on Billboard Hot 100
17 minutes -
Gov’t declares Wednesday as ‘Fugu Day’ to promote Ghanaian heritage
18 minutes -
Interior Ministry trains police officers on Armoured Bullion Vehicle operations
25 minutes -
OSP releases Baba Jamal on self-recognisance bail after interrogation
28 minutes -
BoG advocates practical framework to support orderly listing of banks on GSE
31 minutes -
Baba Jamal interrogated by Special Prosecutor over alleged vote-buying claims
42 minutes -
Hooked on survival: Human impact of climate-driven illegal fishing
54 minutes -
Agric economist demands end to political control in cocoa industry
1 hour -
Speaker directs business committee to schedule anti-LGBTQ bill for parliamentary consideration
2 hours -
Inflation drop doesn’t mean prices have fallen – Oppong Nkrumah clarifies
2 hours -
Kenya to confront Russia over ‘unacceptable’ use of its nationals in combat
2 hours -
Running Ghana by elections, not by plans: Galamsey as the consequence
2 hours -
Israeli theatre scholar Prof Roy Horovitz brings cultural exchange to Ghana
2 hours