Audio By Carbonatix
The government oversubscribed about 11% of its treasury bill sales for the third consecutive week.
However, it came at the expense of rising interest rates.
According to data from the Bank of Ghana, the government got GH¢4.42 billion from the auction of the short-term instrument as against a target of GH¢3.98 billion.
The government accepted all the bids tendered for the auction by investors.
About 72% of the bids came from the 91-day bill.
A total of GH¢3.18 billion was offered for the 3-month bill.
For the 182-day bill, GH¢ 957.67 million were tendered.
A little over GH¢276 million were offered for the 364-day bill.
Meanwhile, interest rates continued to surge on the yield curve.
The yield on the 91-day bill went up by 25 basis points to 26.19%.
That of the 182-day bill was 27.29% as against 27.03% the previous week.
The rate on the 364-day bill was however up by 24 basis points to 28.97%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.188 billion | 3.188 billion |
| 182 Day Bill | 957.67 million | 957.67 million |
| 364 Day Bill | 276.32 million | 276.32 million |
| Total | 4.422.11 billion | |
| Target | 3.980.00 billion | |
Latest Stories
-
Demand and savings deposits decreased in August 2026, but currency outside banks increased by 4%
13 minutes -
Fiscal policy implementation poses downside risk to inflation – BoG
47 minutes -
Organised Labour should seek fair adjustment, not excessive pay rise – Labour consultant
51 minutes -
BoG maintains medium-term inflation target of 8 ± 2%
58 minutes -
Sammi Awuku urges NPP Germany to unite ahead of 2028 elections
2 hours -
The Inconvenient Truth: We cannot pray for the cure while protecting the disease
2 hours -
MTN Ghana trains civil society organisations on artificial intelligence
3 hours -
GoldBod FX framework aims to make dollar supply predictable – Acheampong
3 hours -
How does a Ghanaian team make it to the BAL?
4 hours -
Ghana’s investment climate presents opportunities for industrial growth and job creation.
4 hours -
‘I paid thousands to a company for jobs that never came’
4 hours -
SSNIT intensifies informal sector enrolment drive with Techiman float
4 hours -
Ghana seeks long-term mining investments that benefit local communities – Armah-Kofi Buah
4 hours -
GHATOF demands compensation for 85 businesses affected by La Pleasure Beach demolition
4 hours -
Bono Regional Minister calls for investor education to drive economic growth
4 hours