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%.
| 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
-
Oil pulls back as traders look for progress on US-Iran talks
19 minutes -
The proposed imposition of a 0.75% fee on Mobile Money-To-Bank transfers raises serious concerns regarding fairness, financial inclusion, and the underlying principle of interoperability within the digital financial ecosystem
20 minutes -
Trump raises refugee ceiling by 10,000 to bring in more white South Africans
25 minutes -
One killed and others missing after chemical explosion at US paper mill
37 minutes -
First Ghanaians set to be repatriated from South Africa over anti-immigrant protests
45 minutes -
Deliver or be questioned – Majority Chief Whip warns OSP
57 minutes -
Crime is everywhere – Dafeamekpor slams OSP’s Accra-centred operations
1 hour -
Don’t be cocooned in Accra – Dafeamekpor pushes OSP to invade districts
2 hours -
Free sanitary pads and pad bank Initiative cut teenage pregnancy in Bosomtwe – Girl Child coordinator
2 hours -
Asunafo North Municipal Assembly deploys DL-Rev Software to tackle revenue shortfall
2 hours -
General Mosquito promised to ‘annihilate’ NPP – Dafeamekpor reveals details of earlier tour
2 hours -
Asiedu Nketia has been touring since 2021, not plotting new campaign, says Dafeamekpor
3 hours -
Apple, Google push for judicial oversight in Canada online safety bill
3 hours -
Micron joins $1 trillion club as AI race powers memory chip boom
3 hours -
OpenAI’s Altman says AI unlikely to lead to ‘jobs apocalypse’
3 hours