Audio By Carbonatix
The government rejected GH¢10.865 billion of bids tendered for treasury bills as demand for the short-term instruments reached a record high.
The Treasury registered a 140.5% oversubscription to the tune of GH¢20.49 billion.
It accepted GH¢9.634 billion, higher than the target of GH¢7.72 billion.
The 364-day bill received the highest bids estimated at GH¢8.11 billion, about 39.56% of the total bids. A little over GH¢3.9 billion were accepted.
For the 91-day bill, about GH¢7.38 billion, representing 36.02% of the total bids were tendered. A little above GH¢4.2 billion were accepted.
The 182-day bill also saw bids worth about GH¢5 billion tendered. About GH¢1.43 billion bids were accepted.
Meanwhile, interest rates took a nosedive, reducing the government’s cost of borrowing.
The yield on the 91-day bill went down by 238 basis points to 24.47%.
That of the 182-day bill also declined to 25.38% from the previous 27.80%.
Similarly, the 364-day bill was reduced by 178 basis points to 27.29%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 7.385bn | 4.223bn |
| 182 Day Bill | 5.003bn | 1.432bn |
| 364 Day Bill | 8.110bn | 3.968bn |
| Total | 20.499bn | 9.634bn |
| Target | 8.068bn |
Latest Stories
-
Fifa scraps controversial World Cup investment plan
5 hours -
WAFCON 2026: South Africa fight back to earn dramatic draw against Côte d’Ivoire
5 hours -
We should not over-commercialise football – Eric Alagidede
5 hours -
GFA should reject FIFA’s World Cup sale proposal – Eric Alagidede
5 hours -
Ghanaian woman jailed 5 years in US for $1.6million romance scam
5 hours -
Parliament passes Energy Sector Levies Amendment Bill to tighten fuel subsidy regime
6 hours -
Unique by Design project launched to promote disability inclusion in Ghana’s fashion industry
8 hours -
Joseph Paul Amoah finishes seventh in Commonwealth Games 200m final
8 hours -
Mahama urges Dagbon Regent to preserve peace and continue late Ya-Na’s development legacy
8 hours -
RANA asks Parliament to restrict MP Yakubu Mohammed child engagements until safeguarding training is completed
8 hours -
Rights group warns against exposing schoolgirl to fallout from MP’s comment
8 hours -
Family of Bukom crash victim visits Gender Minister ahead of funeral
8 hours -
An apology is not a safeguarding policy – RANA demands Parliament’s action over MP’s comment to schoolgirl
8 hours -
Prince Adu-Owusu: The August that changed everything
9 hours -
Ato Forson announces ‘New Economy’ policy for 2027 budget, promises shift to growth-focused spending
9 hours