Audio By Carbonatix
The government missed its ambitious treasury bills target by a whopping GH¢2.670 billion.
According to auction results from the Bank of Ghana, the government recorded an undersubscription of 35.90% from the sale of short-term instruments.
The government was seeking to raise an ambitious GH¢7.438 billion to settle maturing debt and finance projects.
However, it only managed to raise 64.1% of the total targeted amount.
All the bids submitted for the short-term instruments were accepted.
About GH¢2.59 billion came from the 91-day T-bills, representing 54.5% of the total bids.
It was followed by the 364-day bill with an estimated GH¢1.33 billion of the bids tendered.
A little over GH¢830 million were mobilised from the 182-day bill.
Meanwhile, interest rates surged across the yield curve.
The yield on the 91-day bill was up by 63 basis points to 25.64%.
The 182-day bill also increased to 26.92% from the previous week’s 26.81%. That of the 364-day bill inched up by 66 basis points to 28.67%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.598 billion | 2.598bn |
| 182 Day Bill | ¢ 830. 28 million | ¢ 830. 28 million |
| 364 Day Bill | 1.338 billion | 1.338 billion |
| Total | 4.767 billion | |
| Target | 7.438 billion |
Latest Stories
-
Ho Central Mosque closed for 2 weeks amid leadership dispute
3 minutes -
31st December: Remembering the Spirit of Probity, Accountability, and the Renewed Call for Justice
4 minutes -
Mali and Burkina Faso impose travel ban on US citizens in tit-for-tat move
9 minutes -
Cyborg fined GH¢24k for discharging firearm during Asake meet-up
26 minutes -
Guinea junta chief wins presidential election by landslide
27 minutes -
Machu Picchu train crash leaves one dead and dozens injured
43 minutes -
Heavy police presence in Sydney for New Year’s celebrations after Bondi attack
1 hour -
Ghana not experiencing ‘dumsor’ despite occasional outages – Analyst
1 hour -
ESLA stabilised energy sector but legacy debt remains major challenge – Analyst
1 hour -
Peter Obi dumps LP, defects to ADC
2 hours -
Proposed 5-Year Presidential Term Could Break Ghana Tradition of 8-Year Mandate
2 hours -
Ghana Airways technical completion paves the way for a triple threat economic reset
2 hours -
Cedi depreciation marked most disastrous period in Ghana’s economic management – Felix Kwakye Ofosu
2 hours -
Walewale, Bolgatanga police investigate deadly checkpoint shooting
2 hours -
Taxpayers to pay less under revised VAT structure from 2026 — GRA
2 hours