Audio By Carbonatix
The government recorded a marginal oversubscription of treasury bill sales after three weeks of failing to meet its target.
This is coming after the International Monetary Fund approved the third review of Ghana’s Economic Facility (ECF) Programme following the completion of the restructuring of Eurobonds.
The government recorded 1.08% more than the targeted amount of GH¢4.565 billion cedis.
All the bids tendered were also accepted.
About GH¢3.88 billion, representing 84% of the total bids came from the 91-day bill.
Approximately GH¢500.68 million cedis were tendered for the 182-day bill. For the 364-day bill, GH¢225.96 million cedis were received from the investors.
Meanwhile, interest rates shot up marginally on the yield curve.
The yield on the 91-day bill was up by 16 basis points to 25.61%. That of the 182-day bill also increased to 26.90%, from the previous week’s 26.80%.
The rate on the 364-day bill declined by 7.0 basis points to 28.58%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91-Day Bill | 3.887bn | 3.887bn |
| 182 Day Bill | 500.68m | 500.68m |
| 364 Day Bill | 225.96m | 225.96m |
| Total | 4614.47bn | |
| Target | 4.565bn |
Latest Stories
-
Andre Ayew joins Dutch side NAC Breda till end of season
6 minutes -
It’s fair to say that the gov’t has started well on economic management – Oppong Nkrumah
12 minutes -
Mahama inherited the worst economic situation in Ghana’s history, supervised by the NPP – Felix Kwakye Ofosu
21 minutes -
Erasmus+ exposure can help cut youth unemployment – Ashanti region NSS director
30 minutes -
When Fear Becomes Content: The Ebo Noah Prophecy and the Question of Accountability
36 minutes -
Salaga South MP launches support scheme for women, students and youth
41 minutes -
2 killed in police shooting during Abosso galamsey protest
44 minutes -
Port of Tema dismisses claims of strike and operational disruptions
1 hour -
Concerned Small-Scale Miners laud Sammy Gyamfi’s leadership at Goldbod
1 hour -
Prince Amoako Jnr reflects on impact after successful PAJ Foundation tournament
1 hour -
A day of love and hope for orphans: All set for Nhyira Aboodoo
2 hours -
Water’s whisper gone silent: Are Ghana’s cities ready for the thirsty future?
2 hours -
Police apprehend serial burglar hiding in bank ceiling after festive crime spree
2 hours -
Police arrest 23-year-old man for allegedly murdering father in Oti Region
2 hours -
ICGC-Jesus Temple fêtes patients at Eastern Regional Hospital
2 hours