Audio By Carbonatix
The government missed its treasury bill target for the second time this year.
According to auction results by the Bank of Ghana, the government recorded a 16% undersubscription of the sale of the short-term instruments.
Indeed, the government T-bill target fell short of the target by GH¢935.2 million. It was seeking GH¢5.644 billion but got GH¢4.08 billion.
Most of the bids came from the 91-day bill as GH¢3.506 billion, representing 74.47% of the total tendered bids.
The uptake was GH¢3.029 billion.
The 364-day bill, however, received bids worth GH¢619.47 million. The bids accepted were GH¢500.5 million.
For the 182-day bill, the bids tendered were estimated at GH¢582.8 million. All the bids tendered were accepted.
Meanwhile, interest rates fell slightly on the yield curve.
The yield on the 91-day bill declined by 14 basis points to 15.71%.
The 182-day bill stood at 16.73% from the previous 16.92%.
The rate on the 364-day bill, however, remained the same at 18.84%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.506bn | 3.029bn |
| 182 Day Bill | 582.87m | 582.879m |
| 364 Day Bill | 619.47m | 500.51m |
| Total | 4.708bn | 4.113bn |
| Target | 5.644bn |
Latest Stories
-
EPA boss encourages journalists not to relent in their support to fight galamsey
39 minutes -
Domestic Gold Purchasing Programme helped Ghana’s economy during difficult period – IMF
41 minutes -
Ike City Group of Companies touches hearts at Dzorwulu Special School with compasionate donation
58 minutes -
Vehicle exhaust pipes on the left create about 40% more pollution on the road than those on the right – Study
1 hour -
My Response to Dr Bryan Acheampong: Facts must prevail
1 hour -
U.S. and Ghana Armed Forces strengthen medical readiness at SETAF-AF Best Medic Competition
2 hours -
Earlier passage of BoG’s Amendment Bill could have prevented haircuts – Dr. Asiama
2 hours -
Economic stability gains were hard-won through discipline and institutional effort – BoG Governor
3 hours -
GCB Bank rewards customers at first “Pa To Pa” Promo Draw
3 hours -
EC sets March 3 for Ayawaso East by-election
3 hours -
Call for Applications: WikkiTimes launches Anas Aremeyaw Anas AI fellowship
3 hours -
GPL 2025/26: Dreams hold Hearts as Phobians record 8th draw
3 hours -
If you attempt to bribe a police officer now, he will disgrace you; he wants a promotion – IGP Yohuno
3 hours -
Kwabena Adu Koranteng: KGL: Ghana’s most transparent, accountable indigenous corporate brand
4 hours -
This Saturday on Newsfile: NPP presidential primaries, Ofori-Atta, Sedina detention and LGBTQ-tainted manual
4 hours