Audio By Carbonatix
The government recorded 75% oversubscription of treasury bills to the tune of GH¢6.78 billion.
This is despite interest rates going down.
According to the auction results, the government accepted GH¢5.48 billion of the total bids tendered by the investors.
The majority of the bids came from the 91-day bill.
A little over GH¢4.8 billion, representing 71% of the bids were tendered for the 3-months bill. The uptake was GH¢4.320 billion.
For the 182-day bill, GH¢1.156 billion of the bids were tendered. The bids accepted were estimated to the tune of GH¢823.28 million.
On the other hand, GH¢774.65 million were tendered for the 364-day bill. About GH¢343 million were tendered.
Meanwhile, the yield on the 91-day bill went down by 54 basis points to 10.29%.
That of the 182-day bill also fell to 12.35% from 13.22%.
Similarly, the yield on the 364-day bill decreased by 1006 basis points to 13.24%.
Latest Stories
-
Volta Region received a significant share of Big Push road projects – Mahama
3 minutes -
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
1 hour -
FDA urges consumers to prioritise safety when purchasing products during festive season
1 hour -
President Mahama calls for single-digit interest rates on agricultural loans
1 hour -
President Mahama urges Ghanaians in formal jobs to take up farming
2 hours -
Farming interventions paying off, lifting incomes and food security, says Agric minister
2 hours -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
2 hours -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
2 hours -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
2 hours -
Photos: Ghana celebrates 41st National Farmers’ Day
2 hours -
2025 Farmer’s Day: Farmers demand a 2% interest rate on loans to boost farming activities
2 hours -
Chamber of Aquaculture Ghana calls for strong public-private partnerships to unlock finance and transform the sector
3 hours -
Lions celebrate International Volunteer Day with over decades of service and impact
3 hours -
3 dead, dozens injured in Mampong Abuontem head-on collision
3 hours -
MoFFA shuts down several Eastern Region mortuaries over poor sanitation, non-compliance
3 hours