Audio By Carbonatix
The government recorded 75% oversubscription of treasury bills to the tune of GH¢6.78 billion.
This is despite interest rates going down.
According to the auction results, the government accepted GH¢5.48 billion of the total bids tendered by the investors.
The majority of the bids came from the 91-day bill.
A little over GH¢4.8 billion, representing 71% of the bids were tendered for the 3-months bill. The uptake was GH¢4.320 billion.
For the 182-day bill, GH¢1.156 billion of the bids were tendered. The bids accepted were estimated to the tune of GH¢823.28 million.
On the other hand, GH¢774.65 million were tendered for the 364-day bill. About GH¢343 million were tendered.
Meanwhile, the yield on the 91-day bill went down by 54 basis points to 10.29%.
That of the 182-day bill also fell to 12.35% from 13.22%.
Similarly, the yield on the 364-day bill decreased by 1006 basis points to 13.24%.
Latest Stories
-
Tanzania blocks activists online as independence day protests loom
29 seconds -
ECOWAS launches new regional projects to strengthen agriculture and livestock systems
14 minutes -
ECOWAS mediation and security council holds 43rd Ambassadorial-Level Meeting in Abuja
20 minutes -
Two dead, 13 injured in fatal head-on collision on Anyinam–Enyiresi highway
59 minutes -
International Day for PwDs: The unbroken spirit of a 16-year-old disabled visual artist
1 hour -
Bryan Acheampong salutes farmers, outlines vision for resilient agricultural sector
1 hour -
Wa West Agric Director calls for stronger gov’t support after difficult farming year
2 hours -
‘Agriculture isn’t only for village folks’ — President Mahama pushes professionals to take up farming
2 hours -
82-year-old man emerges overall National Best farmer for 2025
2 hours -
Calls grow for stronger oversight as free trade and lax regulation fuel fake medicines
3 hours -
World Cup 2026: Tuchel keeps group stage opponents under wraps, shuns Ghana
3 hours -
Volta Region received a significant share of Big Push road projects – Mahama
3 hours -
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
4 hours -
FDA urges consumers to prioritise safety when purchasing products during festive season
4 hours -
President Mahama calls for single-digit interest rates on agricultural loans
4 hours