Audio By Carbonatix
The government failed to meet its treasury bills target after registering an oversubscription a week before.
According to the auction results by the Bank of Ghana, the government registered a 16% undersubscription of the sale of the short-term instruments.
It got GH¢5.292 billion from the T-bills auction, but rejected GH¢563.38 million of the bids tendered.
About GH¢2.985 billion came from the 91-day bill, representing 56.38% of the total bids. All the bids accepted were accepted.
For the 182-day bill, GH¢869 million were tendered. The uptake was GH¢668.54 million.
A little over GH¢1.438 billion were also tendered for the 364-day bill. About GH¢1.075 billion of the bids were accepted.
Meanwhile, interest rates continued to fall on the yield curve. The yield on the 91-day bill declined by 12 basis points to 15.23%.
That of the 182-day also eased to 15.77% from 16.03% the previous week.
The interest on the 364-day bill also dropped by a whopping 1.42 percentage points to 16.95%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.985bn | 2.985bn |
| 182 Day Bill | 869.04m | 668.54m |
| 364 Day Bill | 1.438bn | 1.075bn |
| Total | 5.292bn | 4.729bn |
| Target | 6.323bn |
Latest Stories
-
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
13 minutes -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
17 minutes -
Wenchi water project almost complete, critical to gov’t agenda – GWL MD
33 minutes -
Anti-LGBTQ+ bill not part of government’s legislative agenda – Inusah Fuseini
36 minutes -
Anti-LGBTQ Bill: Forget the rumour mongers, I’m a man of action, and will pass the bill – Speaker
1 hour -
Women and children among those killed in Sudanese army shelling of wedding celebration
1 hour -
President Mahama is not sincere with Ghanaians on LGBTQ bill matter – Hassan Tampuli
2 hours -
Gov’t to establish Prison Industrial Hub to equip inmates with income-generating skills – Prison Service boss
2 hours -
Alhassan Tampuli donates cement, roofing sheets to support storm victims in Gushegu
2 hours -
Alhassan Tampuli appeals for urgent support for storm victims in Gushegu
2 hours -
The hypocrisy must stop; pass Anti-LGBTQ+ Bill now – Alhassan Tampuli to Mahama
2 hours -
Imprisonment should be rehabilitative, not punitive – Ghana Prisons boss at UNGA
3 hours -
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
3 hours -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
3 hours -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
3 hours