Audio By Carbonatix
The government recorded 38% oversubscription of its treasury bills, the second week running.
According to data from the Bank of Ghana, the yield on the 91-day and 182-day bills went up marginally.
The government got GH¢8.01 billion, as against a target of GH¢5.80. It, however, accepted GH¢6.95 billion of the total bids.
A little over 61% of the bids came from the 91-day bill. About GH¢4.9 billion of the bids were tendered. The uptake was GH¢4.0 billion.
For the 182-day bill, GH¢2.09 billion of the bids were tendered. The bids accepted were estimated to the tune of GH¢1.85 billion.
Also, GH¢1.01 billion of the bids were tendered for the 364-day bill. A little over GH¢1.0 billion of the bids were accepted.
Meanwhile, the yield on the 91-day and 182-day bills continued to increase marginally on the yield curve.
The yield on the 91-day bill increased by 3.0 basis points to 11.08%.
That of the 182-day bill also jumped to 12.55%, from 2.43%, from the previous week.
The yield on the 364-day bill fell to 12.70% from 13.08%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 4.905bn | 4.090bn |
| 182 Day Bill | 2.098bn | 1.855bn |
| 364 Day Bill | 1.014bn | 1.009bn |
| Total | ||
| Target | 5.805bn |
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