Audio By Carbonatix
The Government of Ghana is expected to borrow ¢2.91 billion across this week.
This will be done via the 91-day, 182-day and 364-day bills.
The proceeds from the auction will partly be used to refinance upcoming maturities estimated at ¢1.74 billion.
Analysts believe the significant difference between the maturing bills and the auction target could signal the government’s need for funds.
This will cause yields to rise.
Last week, the Treasury bill auction garnered substantial investor participation, with total bids of ¢2.30bn surpassing the gross target.
The successful bids reached ¢2.28bn, signaling a recovery in demand.
The auction saw money market yields closing higher as the government sought to attract enough bids to cover the target.
Yields across all tenors touched a sixteen-week high.
Latest Stories
-
Cocoa sector crisis has exposed the NDC government – Dr Amin Adam
10 minutes -
A Tax for Galamsey: Gov’t should’ve been more decisive, prompt in their action – Daryl Bosu
15 minutes -
Ken Ashigbey urges more investigative journalism to curb galamsey
22 minutes -
Dr Gideon Boako announces reconstruction of Yamfo Market
24 minutes -
Norway’s former PM charged with gross corruption over Epstein links
28 minutes -
Minority urges gov’t to restore promised cocoa price
29 minutes -
Politicisation of Cocobod led to its crisis – Prof Prempeh
32 minutes -
A Tax for Galamsey: Ashanti Reg. Min. calls for ‘natural justice’ over calls to interdict Amansie DCE
46 minutes -
A Tax for Galamsey: Investigations are underway, wrongdoers will be punished – Ashanti Regional Minister
49 minutes -
‘Blend Festival’ hosts Wiyaala, Maami
1 hour -
Asiedu Nketia seeks feedback on NDC’s manifesto performance during Effutu visit
1 hour -
From ‘Kenkey Pan’ to Professor: The inspiring rise of ‘Pracademic’ Prof Collins Badu Agyemang
1 hour -
I’m glad God is using me to get Yamfo a befitting market – Gideon Boako
1 hour -
Asiedu Nketia thanks Effutu supporters, urges NDC faithful not to lose hope after 2024 defeat
1 hour -
Bagbin seeks land rights for Parliament expansion
1 hour