Audio By Carbonatix
For the fourth week, the government recorded an oversubscription of its treasury bills sale.
The target for the auction was estimated at GH¢3.7 billion, but the government received GH¢5.6 billion, about 47.7% oversubscription.
It however accepted GH¢5.3 billion of the total bids.
A little over 45% of the bids came from the 91-day bill. About GH¢2.5 billion of the bids were tendered. The uptake was GH¢2.3 billion.
For the 182-day bill, GH¢1.52 billion of the bids were tendered. The bids accepted were estimated to the tune of GH¢1.45 billion.
Also, GH¢1.538 billion of the bids were tendered for the 364-day bill. GH¢1.533 billion of the bids were accepted.
Meanwhile, interest rates declined across the yield curve.
The yield on the 91-day bill decreased by 3.0 basis points to 11.08%.
That of the 182-day bill, also dropped to 12.43%, from 12.54% the previous week.
The yield on the 364-day bill went down by 17 basis points to 12.91%.
Latest Stories
-
2025 WASSCE: Chief Examiners’ report reveals many candidates failed to answer application-based questions
43 seconds -
FoSCel presents citation to NHIA for strengthening support for Sickle Cell treatment under NHIS
5 minutes -
Abuakwa South MP celebrates teachers in his constituency at inaugural awards ceremony
7 minutes -
Shatta Wale pushes me to sing more on my songs – Sarkodie
14 minutes -
The Wire actor James Ransone dies aged 46
15 minutes -
OSP exists largely on paper – Majority Chief Whip Rockson Dafeamekpor
15 minutes -
This is how Wontumi Farms planned to spend GH¢18.7m Exim Bank loan
29 minutes -
AG vs Wontumi Farms: Full investigation outlined by the Attorney-General
34 minutes -
Major incident declared over canal ‘sinkhole’
39 minutes -
Obrafour collaboration gave me my industry stamp – Sarkodie
40 minutes -
Gold price climbs above $4,400 to hit record high
41 minutes -
PwC nears completion of forensic audit on National Cathedral Project – AG
55 minutes -
PMI Ghana honours long-standing members at 2025 Loyalty Awards
1 hour -
Wontumi allegedly used forged receipt to mislead Exim Bank on GH₵4m equipment purchase – AG
1 hour -
Chairman Wontumi pressured Exim Bank to release cash for ‘non-existent’ workers – AG
1 hour