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
-
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
5 minutes -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
15 minutes -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
19 minutes -
Why volunteering might be Africa’s most underrated career accelerator
26 minutes -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
28 minutes -
Windstorm wreaks havoc in Gushegu, displacing nearly 2,000 residents and damaging schools
30 minutes -
Friends of Bridget Bonnie Marks her 35th birthday with donation to Kasseh Model Health Centre
1 hour -
From Ekumfi Kokodo to the Pulpit Stage: Essi Donkor’s gospel journey takes shape
2 hours -
Landfilling waste management creates no value, it’s an economic waste
2 hours -
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
2 hours -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
2 hours -
Wenchi water project almost complete, critical to gov’t agenda – GWL MD
2 hours -
Anti-LGBTQ+ bill not part of government’s legislative agenda – Inusah Fuseini
2 hours -
Anti-LGBTQ Bill: Forget the rumour mongers, I’m a man of action, and will pass the bill – Speaker
3 hours -
Women and children among those killed in Sudanese army shelling of wedding celebration
3 hours