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
-
AngloGold Ashanti empowers 22 Sanso women through apprenticeship to entrepreneurship programme
2 minutes -
Gov’t advances National Data Exchange Hub under US$50m digital project – Sam George
9 minutes -
Alex Asmah Foundation launched in Kumasi to support youth development across Ghana
9 minutes -
School placement is absolutely free – Education Ministry
10 minutes -
Burkina Faso FA Prez Oumarou Sawadogo takes over as WAFU B President
12 minutes -
CSSPS self-placement portal opens for candidates unable to secure choices
16 minutes -
James Korsah-Brown calls for Tourism Minister to be changed
18 minutes -
Death in the dark: Family demands answers after dialysis patient dies at TTH during power outage
25 minutes -
11 Ghanaian Universities to embed One Million Coders certifications in degree programmes
26 minutes -
Government to pilot Electronic Document Wallet in fourth quarter – Sam George
29 minutes -
Kenya minister warns foreigners against ‘misusing’ visas to trade
32 minutes -
NACOC shuts down Amsterdam pub at Laboma over suspected Narcotics activities
32 minutes -
Rescuers dig through debris as seven dead in building collapse in Delhi
33 minutes -
Sam George directs Communications Ministry staff to enrol on One Million Coders programme
40 minutes -
China to pump $54bn into state banks and insurers to boost economy
41 minutes