Audio By Carbonatix
The government failed to meet its treasury bills target after registering an oversubscription a week before.
According to the auction results by the Bank of Ghana, the government registered a 16% undersubscription of the sale of the short-term instruments.
It got GH¢5.292 billion from the T-bills auction, but rejected GH¢563.38 million of the bids tendered.
About GH¢2.985 billion came from the 91-day bill, representing 56.38% of the total bids. All the bids accepted were accepted.
For the 182-day bill, GH¢869 million were tendered. The uptake was GH¢668.54 million.
A little over GH¢1.438 billion were also tendered for the 364-day bill. About GH¢1.075 billion of the bids were accepted.
Meanwhile, interest rates continued to fall on the yield curve. The yield on the 91-day bill declined by 12 basis points to 15.23%.
That of the 182-day also eased to 15.77% from 16.03% the previous week.
The interest on the 364-day bill also dropped by a whopping 1.42 percentage points to 16.95%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.985bn | 2.985bn |
| 182 Day Bill | 869.04m | 668.54m |
| 364 Day Bill | 1.438bn | 1.075bn |
| Total | 5.292bn | 4.729bn |
| Target | 6.323bn |
Latest Stories
-
Pay teacher allowances to improve student performance – Ntim Fordjour urges gov’t
8 minutes -
Why Alonso’s chances of survival at Real Madrid are slim
38 minutes -
Legal Green Association launches scholarship scheme for law students
51 minutes -
Simon Madjie writes: Oti Region: Ghana’s emerging growth frontier
1 hour -
Cedi slips amid seasonal heat; one dollar equals GH¢12.20
1 hour -
Yirenkyi-Addo wins ‘Deloitte CEO Impact Award’
1 hour -
‘I am not weak’ says Slot, but Salah could return
1 hour -
World Bank’s new outcome bond supports clean cooking initiative in Ghana
2 hours -
NACOC nabs 3 in connection with 1,158kg suspected cocaine shipment to Belgium
2 hours -
‘Certiorari is not stay of execution’: Amaliba defends Parliament’s notification on Kpandai vacancy
2 hours -
Sister Sandy set to host Medikal’s BYK Concert at the Accra Sports Stadium
2 hours -
AfroFuture Ghana 2025 adds Rema, KiDi and more to its December festival lineup
3 hours -
Paramount launches rival bid for Warner Bros Discovery
3 hours -
Ukraine’s European allies press for more security guarantees
3 hours -
Why the haste? – NPP MP question’s EC notification over vacant Kpandai seat despite stay of exection
3 hours