Audio By Carbonatix
The government once again missed its treasury bills target as investor interest continues to shift to Fixed Deposits and other money market instruments.
According to auction results from the Bank of Ghana, the T-bills were undersubscribed by 30%.
According to trading results by the Bank of Ghana, the government got GH¢4.760 billion from a target of GH¢6.824 billion.
For the first time in several weeks, it accepted all the total bids.
A little over 73% of the bids came from the 91-day bill. About GH¢3.4 billion of the bids were tendered.
For the 182-day bill, GH¢785.31 million of the bids were tendered.
Also, GH¢487.5 million of the bids were offered for the 364-day bill.
Meanwhile, interest rates were mixed on the yield curve.
The yield on the 91-day bill decreased by 2.0 basis points to 10.67%.
That of the 182-day bill, however, went up to 12.46% from the 12.43% the preceding week.
The yield on the 364-day bill fell by 5.0 basis points to 12.87%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.487bn | 3.487bn |
| 182 Day Bill | 785.31m | 785.31m |
| 364 Day Bill | 487.59m | 487.59m |
| Total | 4.760bn | 4.760bn |
| Target | 6.824bn |
Latest Stories
-
“Don’t mess around with Ghanaians anywhere in the world” — Ablakwa warns
8 minutes -
KetaFC alleges bias and interference in Volta Regional Middle League protest
10 minutes -
Gov’t will always protect and support Ghanaians abroad – Ablakwa
36 minutes -
“Don’t be depressed, have confidence” — Ablakwa encourages evacuees from South Africa
39 minutes -
26 Ghanaian prisoners among first evacuees from South Africa — Ablakwa
48 minutes -
Angry youth set properties ablaze after a shooting incident at Deti in Volta Region
1 hour -
GAUA-KNUST adopts a constitution, introduces electoral reforms
1 hour -
‘The Corporate Code’ launched to groom, nurture fresh graduates for corporate career
2 hours -
Man Utd closing in on £38m Ederson deal
2 hours -
Lands Minister spearheads 800-acre reclamation drive in Nkroful to reverse galamsey damage
2 hours -
Fernandez wants Chelsea exit but club would demand £120m
2 hours -
Ghana FA strengthens future of Black Stars with successful UK Talent Engagement Programme
2 hours -
Ghana Islamic Multicultural Association in Berlin marks Eid-ul-Adha prayers at Tempelhofer Feld
2 hours -
First batch of Ghanaians fleeing xenophobic attacks in South Africa arrive in Ghana
2 hours -
Upper West Minister joins muslims in Wa for Eid al-Adha prayers
2 hours