Audio By Carbonatix
The government recorded a 19.75% over-subscription of treasury bills barely a week after President Mahama won the presidential elections.
According to the Bank of Ghana's T-bill auction results, demand for the short-term instruments soared following successful general elections.
The government got GH¢8.20 billion from selling the short-term instruments.
All the bids were accepted.
A little over GH¢6.740 billion were secured from the 91-day bill, representing 82.1% of the total bids.
For the 182-day bill, GH¢951.67 million were tendered.
The 364-day bill also recorded GH¢508.15 million from the sale of the 364-day bill.
Meanwhile, interest rates neared the 30% mark.
The yield on the 91-day bill increased by 17 basis points to 27.77%.
That of the 182-day bill was 28.49% from the previous week's 28.32%.
The interest rate on the 364-day bill also went up by 3.0 basis points to 29.94%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 6.740bn | 6.740bn |
| 182 Day Bill | 951.67m | 951.67m |
| 364 Day Bill | 508.15m | 508.15m |
| Total | 8.200bn | |
| Target | 6.848bn | |
Latest Stories
-
NACOC addressing inherited gaps in fight against drug trafficking – Deputy Director-General
12 minutes -
Taekwondo goes to school as GTF launches five-region youth campaign
15 minutes -
The issues Mourinho is struggling to fix at Real Madrid
22 minutes -
Hundreds throng EducationUSA College Fair in Kumasi in pursuit of abroad studies
25 minutes -
Drug bust: NACOC should be part of port inspection team – Twum-Barimah
28 minutes -
Ward appointed Liverpool’s sporting director
28 minutes -
This isn’t the first cocaine bust; NPP must stop the politicisation – NACOC deputy boss
32 minutes -
Drug bust case: Only Customs officers, MPS officials in scanning room – NACOC
2 hours -
I don’t mind being insulted; I have a crocodile skin – President Mahama
2 hours -
Samson’s Take: Verify the badge – and verify the story
2 hours -
President Mahama explains why Ghana must rethink regulation of TikTok, other new media platforms
2 hours -
Rule of law must be protected – GBA condemns EOCO action against Baffour Awuah
4 hours -
950,000 barrels of Sankofa crude head to TOR as GNPC deepens domestic refining
4 hours -
Scales of deception removed – Annoh-Dompreh attacks new cocoa price
4 hours -
Young Positivist Writes : My Experience with GCLP
5 hours