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
-
The price of inaction: Why we must invest now to end FGM in West, Central Africa
12 minutes -
Mahama recalls High Commissioner to Nigeria Baba Jamal over vote-buying allegations
55 minutes -
VALCO not for sale; government pursuing strategic partnership to revive smelter – GIADEC CEO
1 hour -
GIADEC boss warns of job losses as government turns to partnerships to save VALCO
1 hour -
Baba Jamal expresses gratitude, calls for unity after securing Ayawaso East NDC slot
2 hours -
Ayawaso East Primary: Sharing the TVs is only a gift, not meant to influence votes – Baba Jamal
3 hours -
Ayawaso East: I’ve been giving gifts this week – Baba Jamal admits giving out TV sets
4 hours -
Baba Jamal wins NDC Ayawaso East Primaries
4 hours -
NDC Ayawaso East primary: Baba Jamal expresses confidence after voting
4 hours -
Mahama approves operating licence for UMaT mining initiative
4 hours -
NDC condemns vote-buying in Ayawaso East primaries, launches investigation
5 hours -
Ayawaso East NDC primary: Sorting and counting underway after voting ends
5 hours -
Africa must build its own table, not remain on the menu — Ace Anan Ankomah
5 hours -
US wants Russia and Ukraine to end war by June, says Zelensky
5 hours -
Let’s not politicise inflation – Kwadwo Poku urges NDC
6 hours