Audio By Carbonatix
The government achieved a 24% oversubscription of treasury bills sale in the first auction for 2025.
However, it came at the expense of rising interest rates, increasing the cost of repaying the short-term instruments.
The government got GH¢5.392 billion but accepted GH¢5.371 billion for the short-term instruments.
For the 91-day bill, the government received GH¢3.539 billion but accepted GH¢3.531 billion.
About GH¢617 million were tendered for the 182-day bill. However, GH¢604.39 million were accepted.
For the 364-day bill, all the GH¢1.235 billion tendered were accepted.
Meanwhile, interest rates continued to rise on the yield curve.
The yield on the 91-day bill increased by 16 basis points to 28.19%.
That of the 182-day bill also shot up to 28.91%, from 28.68% the prior week.
The same could be said about the one-year bill as the rate went up to 30.15% from 30.07% the previous week.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.539bn | 3.531bn |
| 182 Day Bill | 617.40m | 604.39m |
| 364 Day Bill | 1.235bn | 1.235bn |
| Total | 5.392bn | 5.371bn |
| Target | 4.262bn |
Latest Stories
-
Powerful cyclone kills at least 31 as it tears through Madagascar port
53 minutes -
GoldBod summons 6 gold service providers over compliance exercise
1 hour -
Power disruption expected in parts of Accra West as ECG conducts maintenance
1 hour -
Police investigate alleged arson attack at Alpha Hour Church
2 hours -
Heavy Sunday downpour wrecks Denyaseman SHS, schools, communities in Bekwai Municipality
2 hours -
Ridge Hospital is in critical condition – GMTF Boss appeals to corporate Ghana
2 hours -
Introduce long term measures to tackle challenges in cocoa sector – IERPP to government
3 hours -
Agricultural Economist proposes blended financing model to support cocoa sector
3 hours -
NPP MP warns against reducing producer price as government rolls out cocoa reforms
3 hours -
Tano North MP urges halt to grain exports over food glut
3 hours -
Farmers hopeful as government moves to expedite cocoa payments
4 hours -
Tensions at Agbogbloshie market women oppose AMA drain cleaning exercise, items confiscated
4 hours -
Lyse Doucet: In Tehran, rallies for Iran’s revolution overshadowed by discontent and defiance
4 hours -
Education Minister orders full audit of free sanitary pads in schools over quality concerns
4 hours -
IGP promotes 12,000 police officers, clears all backlog
4 hours