Audio By Carbonatix
The government failed to meet its treasury bills target for the seventh consecutive week.
According to the auction results by the Bank of Ghana, the government missed the target by 22.82%.
It received GH¢6.12 billion, falling short of the target of GH¢7.525 billion.
The chunk of the bids again came from the 91-day bill, with investors offering GH¢3.71 billion. This represented 60.56% of the total bids. The uptake was GH¢3.633 billion.
For the 182-day bill, investors tendered in only GH¢814.85 million. A little over GH¢804 million of the bids were accepted.
The 364-day bill saw bids worth GH¢1.60 billion tendered. The treasury, however, accepted only GH¢100.99 million of the bids.
Meanwhile, interest rates increased for the first time in about five months.
The yield on the 91-day bill went up by 9.0 basis points to 14.65%.
That of the 182-day bill also increased to 15.02% from the previous week’s 15.01%.
However, the yield on the 364-day bill went up by 25 basis points to 15.41%. Â
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.710bn | 3.633bn |
| 182 Day Bill | 814.85m | 804.09m |
| 364 Day Bill | 1.601bn | 100.99m |
| Total | 6.126bn | 4.538bn |
| Target | 7.525bn |
Latest Stories
-
Food security central to national stability – Ashanti Regional Minister
14 minutes -
Karpowership Ghana deepens investment in engineering talent and inclusion on World Engineering Day 2026
24 minutes -
Even if it takes years, we’ll fight for what is due you – Oppong Nkrumah pledges to cocoa farmers
35 minutes -
Nigeria’s Bola Tinubu nominates tax reform chair Oyedele as junior finance minister
45 minutes -
Ivory Coast reassures farmers over purchase of excess cocoa stock amid strike threats
55 minutes -
Absa ReadytoWork Webinar spotlights AI literacy for young professionals
1 hour -
Operational excellence is a competitive advantage
1 hour -
NPA halts discounted fuel pricing by OMCs effective March 16
1 hour -
Ghana Reference Rate drops sharply to 11.71%; major interest rate cuts expected
2 hours -
Conservative Anglicans to pick rival leader, widening Church rifts
2 hours -
No Ghanaian casualties as gov’t activates Middle East evacuation plan – Ablakwa
2 hours -
Uganda’s central bank to start its gold buying programme this month
2 hours -
Mohbad: Court approves DNA tests in US, UK to confirm Liam’s paternity
2 hours -
Investigation begins into death of Chimamanda Adichie’s son
2 hours -
I smoke, pray before going on stage to perform – Rema
3 hours