Audio By Carbonatix
The government recorded 47.5% oversubscription of treasury bills auction, the 4th consecutive time this year.
According to data from the Bank of Ghana, the government got GH¢8.855 billion as against a target of GH¢6.0 billion.
The government however accepted GH¢8.163 billion.
A chunk of the funds will be used to finance maturing bills.
About GH¢4.896 billion came from the 91-day bill, representing 56.30% of total bids submitted.
However, GH¢4.479 billion were accepted.
The 182-day bill also witnessed bids worth GH¢1.758 billion tendered. About GH¢1.756 billion were accepted.
The 364-day bill received bids more than the 182-day bill with about GH¢2.110 billion tendered. GH¢1.927 billion were however accepted.
Meanwhile, the rising interest rates continued unabated, raising further concerns of the increasing cost of interest payments.
The yield on the 91-day bill shot up by 10 basis points to 28.51%.
That of the 182-day bill also increased to 29.77% from the earlier 28.97%.
The rate on the 364-day bill also increased by 23 basis points to 30.40%.
Latest Stories
-
Sea breaks into Volta River around Fuveme; NADMO warns of flooding
7 minutes -
Berekum Chelsea bus attack: Police declare three suspects wanted
5 hours -
Fire ravages Berekum Cinema Hall
5 hours -
FA probes alleged discriminatory remark to referee
5 hours -
Real Sociedad win Copa del Rey with shootout win over Atletico Madrid
5 hours -
Spurs condemn ‘vile’ racist abuse aimed at Kevin Danso
5 hours -
Joy for Liverpool fans but huge summer ahead for Slot
5 hours -
Record-breaking Bayern win Bundesliga – now for the Treble
5 hours -
Ampem Darkoa equal Hasaacas Ladies’ record after beating them in Women’s League final
5 hours -
Mugabe’s son pleads guilty to pointing a gun in South Africa
6 hours -
Millions listen to Ethiopian star’s song taking swipe at government
6 hours -
MTN Ghana engages media, partners at 2026 stakeholders forum in Accra.
6 hours -
T-bills auction: Government records undersubscription for 5th week running; interest rates continue to rise
7 hours -
Sub-Saharan Africa GDP growth to soften to 4.3% in 2026
7 hours -
Passenger arrivals decline 18.9% month-on-month to 110,087 in January 2026
7 hours