Audio By Carbonatix
The government recorded an oversubscription of its treasury bills after failing to meet its target in the previous auction.
According to auction results by the Bank of Ghana, the government recorded an 18.23% of the T-bills sale.
The government got GH¢7.265 billion, but rejected GH¢1.12 billion of the bids tendered.
About GH¢5.320 billion came from the 91-day bill, representing 73.23% of the total bids. The bids accepted were estimated at GH¢5.210 billion.
For the 182-day bill, GH¢1.56 billion were tendered. The uptake was GH¢1.2 billion.
A little over GH¢381 million were also tendered for the 364-day bill. About GH¢192 million of the bids were accepted.
Meanwhile, interest rates continued to fall, but marginally on the yield curve.
The yield on the 91-day bill declined marginally by 13 basis points to 15.32%.
That of the 182-day also eased to 16.03% from the previous week’s 16.21%.
The interest on the 364-day bill also dropped by 28 basis points to 18.37%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 5.320bn | 5.210bn |
| 182 Day Bill | 1.563bn | 1.291bn |
| 364 Day Bill | 381.26m | 1192.98m |
| Total | 7.265bn | 6.695bn |
| Target | 6.145bn |
Latest Stories
-
Absa Bank commissions new head office, commits to strengthening operations in Ghana
2 minutes -
Republic Bank-JoyNews Habitat Fair clinic: Day 1 ends on positive note as patrons explore housing solutions at Junction Mall
5 minutes -
Vanderpuye: NDC welfare system needed to support former officials, cadres
9 minutes -
Chamber of Mines extends support to Akropong, Mampong Special Schools
12 minutes -
Tumu chiefs, MP back clearance of road corridor for Ghana-Burkina road corridor
17 minutes -
‘Democracy Is Not For Sale’: Monetisation of elections could lead to wrong people entering Parliament – UDS lecturer
28 minutes -
COCOBOD increases cocoa producer price to GH¢42,400 for 2026/27 season
31 minutes -
Atebubu College of Education receives GETFund boost after years of infrastructure neglect
34 minutes -
64 arrested over alleged unlawful possession of firearms at Achimota lounge
52 minutes -
Savannah Regional Minister calls for clear rules to distinguish generosity from vote-buying
55 minutes -
TOR secures 950,000 barrels of Sankofa crude from GNPC
57 minutes -
NAGRAT calls for probe into alleged inflation of School Feeding enrolment figures
1 hour -
Four more arrested over alleged 2026 school placement fraud
1 hour -
646 military recruits pass out after six-month infantry training at Shai Hills
1 hour -
The importance of technology and artificial intelligence in tourism
1 hour