Audio By Carbonatix
The government will borrow ¢1.77 billion from Treasury bills this Thursday, April 6, 2023.
This will be done via the issuance of the 91-day, 182-day and 364-day T-bills.
The proceeds is expected to be used to refinance maturing bills worth ¢1.68 billion.
Demand for the short term securities rebounded again, following improved investor sentiments about the economy.
Last week, the government accepted ¢1.60 billion out of total bids tendered worth ¢1.62 billion. The uptake exceeded the auction target as demand picked up.
Interest rates however rose marginally as the government secured more than 21.43% from the Treasury bills sale.
The increase in interest rates was expected due to the hike in the policy rate of the Bank of Ghana to 29.5%.
Interest rates inched up as the Central Bank increased its base lending rate to banks last Monday, March 27, 2023, to check the high inflation.
Both the 91-day and 182-day T-bills went up marginally by 0.51 and 0.42 percentage points to 19.38% and 21.85% respectively.
Latest Stories
-
GPL 2025/26: Asante Kotoko draw with GoldStars to extend winless run
23 minutes -
Fire guts temporary wooden structures at Afful Nkwanta in the Ashanti Region
1 hour -
Haruna Iddrisu didn’t approve gender identity content – Education Ministry
2 hours -
‘We are not for sale’: Thousands rally in Greenland and Denmark against Trump’s annexation threat
2 hours -
Deputy Education Minister directs GES to act on video of SHS students displaying charms
2 hours -
From camouflage to tracksuits – Guinea’s junta leader becomes civilian president
2 hours -
Iran supreme leader admits thousands killed during recent protests
2 hours -
Judiciary to roll out court decongestion measures, galamsey courts – Chief Justice
4 hours -
Ugandan leader to extend 40-year rule after being declared winner of contested poll
4 hours -
Residents demand action on abandoned Salaga–Kumdi–Kpandai road
4 hours -
Ghana, Japan explore ways to deepen long-standing bilateral ties
4 hours -
Ghana Navy foils illegal fuel bunkering operation along Volta coastline
5 hours -
Gov’t assures minimal power disruption during WAPCo gas pipeline maintenance
5 hours -
Burna Boy and Sporty Group unveil new single “For Everybody” celebrating Africa’s sports heritage and cultural excellence
5 hours -
Achieve By Petra partners Richie Mensah to drive financial independence
5 hours