Audio By Carbonatix
Following three consecutive weeks of undersubscription, the treasury bills auction recorded an oversubscription of 17.8%.
According to auction results by the Bank of Ghana, the Treasury received GH¢6.53 billion of the total bids versus a target of GH¢5.54 billion. It, however, accepted GH¢5.97 billion.
About GH¢4.95 billion came from the 91-day bill, representing 75.82% of the total bids.
The uptake was GH¢4.58 billion.
For the 182-day bill, GH¢890.81 million were tendered. All the bids were accepted.
About GH¢689 million were also tendered for the 364-day bill. The uptake was GH¢499.76 million.
Meanwhile, interest rates fell sharply on the yield curve.
The yield on the 91-day bill declined by 18 basis points to 14.92%.
That of the 182-day also went down to 15.55% from the 15.68% the previous week.
The interest on the 364-day bill also went down by a whopping 78 basis points to 16%.
Latest Stories
-
Humour at its finest at Kumasi Comedy Show
9 minutes -
Police Christmas special operation: 101 suspects arrested in Greater Accra
33 minutes -
15 arrested after sporadic shootings at Ho central mosque
46 minutes -
GES condemns alleged theft of food supplies at Awaso STEM SHS
1 hour -
DopeNation electrifies crowd at Joy FM’s Party in the Park
1 hour -
Philip Ayesu emerges as the 2025 Achimota Champion after beating Percival Kwadjo Ampoma
2 hours -
Support your own – Mr P tells Ghanaian artistes
2 hours -
Ghana EXIM Bank develops 5-year export-led growth strategy to drive trade expansion
2 hours -
Big Smiles, Bigger Bounces: Kids take over the fun at the Joy Party in the Park
3 hours -
Joy FM Party in the Park 2025: Kwabena Kwabena takes centre stage
3 hours -
Ghana-Nigeria cyber-fraud network dupes over 200 victims of $400,000
3 hours -
Tackling terrorism requires jobs and anti-corruption drive, not strikes alone – Nigerian security analyst
3 hours -
Terror attacks in Nigeria affect all faiths, not only Christians – Security analyst
3 hours -
$120,000 stolen from Ghanaian financial institution by hackers – INTERPOL
3 hours -
Modern security management defined by trust – IGP
3 hours