Audio By Carbonatix
The government recorded a marginal oversubscription of treasury bill sales as interest rates eased.
According to the auction results from the Bank of Ghana, the government secured GH¢3.34 billion from the auction, higher than the previous week’s result.
The government once again accepted all the bids.
About 77.32% of the bids came from the 91-day bill. GH¢2.510 billion were tendered and all were accepted.
For the 182-day bill, GH¢651.11 million were tendered and the uptake was all. GH¢182.68 million cedis were also offered for the 364-day bill and all were accepted.
Meanwhile, interest rates continued to plummet but marginally.
The 91-day bill fell by 8.0 basis points to 24.78%.
That of the 182-day bill also dropped by 6.0 basis points to 26.74%.
However, the 364-day remained the same at 27.78%.
| SECURITIES | BIDS TENDERED (GH¢) | BID ACCEPTED (GH¢) |
| 91 Day Bill | 2.510bn | 2.510bn |
| 182 Day Bill | 651.11m | 651.11m |
| 364 Day Bill | 182.68m | 182.68m |
| Total | 3,344bn | 3.344bn |
| Target | 3.247bn | |
Latest Stories
-
Even Dangote cannot escape katanomics
1 hour -
Sean ‘Diddy’ Combs files appeal asking for immediate prison release
1 hour -
Come again, Bank of Ghana!
1 hour -
$120,000 stolen from Ghanaian financial institution by hackers – INTERPOL
1 hour -
How presidential control has weakened Council of State – Prof H. Kwasi Prempeh explains
2 hours -
Why Council of State must be fixed, not scrapped – Constitution Review Chair explains
2 hours -
A second look, not a veto – Constitution Review Chair makes case for Council of State reform
2 hours -
U.S. airstrikes in Nigeria signal major shift in West African security
3 hours -
Too young to lead? – Prof H. Kwasi Prempeh says Ghana’s Constitution undervalues its youth
3 hours -
Let the people decide – Constitution Review Chair pushes back against fear of ‘young presidents’
3 hours -
Both of these influencers are successful – but only one is human
4 hours -
‘We suffered together’ – Amorim changes style as Man Utd win
8 hours -
‘I have never prayed before in my life’ – Seun Kuti
8 hours -
AU flatly rejects Somaliland bid, reaffirms Somalia’s unity
8 hours -
Mali rally to claim draw against AFCON host Morocco
8 hours