Audio By Carbonatix
The government recorded 23.4% oversubscription of the treasury bills auction, as investors continue to demand more compensation.
According to auction results by the Bank of Ghana, investors bought T-bills worth a little over GH¢4 billion, as against a target of GH¢3.37 billion.
The government, however, accepted about GH¢3.1 billion of the bids.
The 364-day bill was once again the most subscribed bill as GH¢1.85 billion of the bids were tendered, representing 44.5% of the total bids.
The uptake was, however, GH¢1.09 billion.
The 182-day bill received bids of GH¢618.90 million. A little above GH¢435 million was accepted.
For the 91-day bill, GH¢1.68 billion of the bids were tendered. A little above GH¢1.63 billion of the bids were accepted.
Meanwhile, interest rates continued to rise on the yield curve.
The yield on the 91-day bill went up by 14 basis points to 5.87%.
That of the 182-day bill also increased to 7.78% from the previous week’s 7.69%.
Similarly, the yield on the 364-day surged by 10 basis points to 12.92%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 1.68bn | 1.63bn |
| 182 Day Bill | 618.90m | 435.82m |
| 364 Day Bill | 1.85bn | 1.09bn |
| Total | 4.16bn | 3.16bn |
| Target | 4.486bn |
Latest Stories
-
Parliament backs OSP probe into alleged GH¢70k payment to Patricia Appiagyei
19 minutes -
Photos: Joy FM Back-to-School Fair buzzes with excitement, strong patronage on Day 2
28 minutes -
Dissolving inactive SOE boards is justified – Dennis Miracles Aboagye
40 minutes -
John Boadu: I am not contesting for president; I am contesting to make Bawumia President
41 minutes -
Zoomlion begins post-flood disinfection exercise in West Gonja to curb health risks
1 hour -
When Lady Justice Counted Eight Years
1 hour -
SIGA reporting should distinguish commercial performance from public service – Yaw Appiah Lartey
1 hour -
SOEs must hold AGMs, not just submit audited accounts – Deloitte Partner
1 hour -
There are errors in SIGA report that affected its conclusions – Miracles Aboagye
2 hours -
Joy FM Back-to-School Fair gains momentum as Day 2 gets underway
2 hours -
Bright Simons fires back, rejects claims he used AI to critique SIGA report
2 hours -
SIGA did not conjure or manufacture figures – Prof Kpessa-Whyte
2 hours -
Government just put a spin on SIGA report – Miracles Aboagye
2 hours -
Gideon Boako: Cocoa farmers deserve better support
3 hours -
Big Chef Season 5: Two contestants face exit in Jollof Challenge
3 hours