Audio By Carbonatix
The government recorded about 12.79% oversubscription of treasury bill sales at a reduced target.
According to the latest T-bills auction by the Bank of Ghana. the government got GH¢2.99 billion against a target of GH¢ 2.65 billion.
About GH¢2.358 billion, representing 88.7% were bids tendered for the 91-day bill. All the bids were accepted.
For the 182-day bill, the government got GH¢573.45 million from the investors. The uptake was the same.
Only GH¢64.31 million were tendered for the 364-day bill. All the bids were accepted.
Meanwhile, interest rates remain stable across the yield curve.
The yield on the 91-day bill was 24.86% while that of the 182-day bill stayed the same at 26.80%.
The rate on the 364-day bill was also steady at 27.78%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.358 billion | 2.358 billion |
| 182 Day Bill | 573.45 million | 573.45 million |
| 364 Day Bill | 64.31 million | 64.31 million |
| Total | 2.656 billion | |
| Target | 2.995 billion | |
Latest Stories
-
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
9 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
13 minutes -
Nigeria convicts 386 Islamist militants in mass trials
18 minutes -
Djibouti president wins election with 97.8% of vote, state media says
23 minutes -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
37 minutes -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
55 minutes -
Christina Koch becomes first woman to travel around the moon on Artemis II
1 hour -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
1 hour -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
1 hour -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
1 hour -
Gov’t distributes over 8,500 laptops to One Million Coders project
1 hour -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
1 hour -
GPRTU in Savannah Region to protest alleged eviction in Damongo
2 hours -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
2 hours -
Gender Ministry supports Harriet Amuzu in ongoing abuse case
2 hours