Audio By Carbonatix
The government missed its treasury bills target again as liquidity remained tight on the money market.
According to the auction results from the Bank of Ghana, the government T-bills auction was undersubscribed by 38.55%
The government was seeking to raise GH¢ 5.980 billion but got GH¢ 3.67 billion.
All the bids tendered were accepted.
The majority of the bids came from the 91-day T-bill. This was about GH¢2.9 billion, representing 79.23% of the total bids.
A little over GH¢572 million came from the 182-day bill, while GH¢189.95 million were tendered for the 364-day bill.
Meanwhile, interest rates fell on the money market.
This is in line with a lower inflation compared to last year, though September 2024 inflation increased marginally.
The yield on the 91-day bills declined by 19 basis points to 25.45%.
That of the 182-day bill also fell to 26.80% from the previous week’s 26.92%.
The 364-day bill also dropped by 16 basis points to 28.51%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.911 billion | 2.911 billion |
| 182 Day Bill | 572.95 million | 572.95 million |
| 364 Day Bill | 189.95 million | 189.95 million |
| Total | 3.674 billion | |
| Target | 5.980 billion | |
Latest Stories
-
‘Apologise if you accept you erred’ – Political analyst tells Chief Justice
7 minutes -
Mahama’s board shake-up should not be linked to indiscipline – Akwatia MP
29 minutes -
‘My Police, Your Police, Our Police’: the Aboso fire and a lesson in Policing together
51 minutes -
Parliament backs OSP probe into alleged GH¢70k payment to Patricia Appiagyei
1 hour -
Photos: Joy FM Back-to-School Fair buzzes with excitement, strong patronage on Day 2
1 hour -
Dissolving inactive SOE boards is justified – Dennis Miracles Aboagye
2 hours -
John Boadu: I am not contesting for president; I am contesting to make Bawumia President
2 hours -
Zoomlion begins post-flood disinfection exercise in West Gonja to curb health risks
2 hours -
When Lady Justice Counted Eight Years
2 hours -
SIGA reporting should distinguish commercial performance from public service – Yaw Appiah Lartey
2 hours -
SOEs must hold AGMs, not just submit audited accounts – Deloitte Partner
2 hours -
There are errors in SIGA report that affected its conclusions – Miracles Aboagye
2 hours -
Joy FM Back-to-School Fair gains momentum as Day 2 gets underway
3 hours -
Bright Simons fires back, rejects claims he used AI to critique SIGA report
3 hours -
SIGA did not conjure or manufacture figures – Prof Kpessa-Whyte
3 hours