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
-
Pope calls for an end to West Bank violence against Palestinians
3 hours -
Shipping slows through Strait of Hormuz after tanker attacks, data shows
3 hours -
Why I stopped trying to quit smoking – Omah Lay
3 hours -
‘What if sharks swallow you’ – Teni warns Burna Boy over ocean stunt
3 hours -
What’s driving men to get penis fillers, despite the risks?
3 hours -
Ngah brace fires Cameroon to historic first WAFCON crown with dominant Malawi victory
4 hours -
Ariana Grande leaves problems at home as her tour hits the UK
4 hours -
‘Ghana was the crime scene’ – the country leading the demand for slavery reparations
4 hours -
Court dismisses Nana Kwame Bediako’s fresh bid to halt $14.9m judgment
4 hours -
Air India pilot’s reported cannabis test: What it can and can’t tell investigators
4 hours -
France’s top court blocks social media ban for under-15s
4 hours -
Fery wins on return as Djokovic reveals health condition after loss
4 hours -
‘Probably my last year’ – Ronaldo hints at retirement
5 hours -
Arsenal cruise to Community Shield win against disappointing Man City
5 hours -
Barcelona agree £65m deal to sign Rodri from Man City
5 hours