Audio By Carbonatix
The government will borrow ¢4.08 billion on the treasury market tomorrow December 29, 2023.
This will be done through the issuance of the 91-day, 182-day and 364-day bills.
The uptake will partly be used to refinance estimated maturities of ¢2.55 billion.
There will be a substantial difference of ¢1.53bn between the target and refinancing obligation, pointing to the government’s need for funds to support its budget.
Analysts therefore expect a rise in T-bill yields this week.
Last week’s Treasury bill auction garnered substantial investor participation, with total bids of ¢3.58 billion. This surpassed the gross target by 38%.
The government raised ¢3.57 billion across the treasury market.
The auction saw money market yields closing higher as the government sought to raise new fund for budgetary support.
Yields on the 91-day and 182-day tenors increased by 31 and 81 basis points, respectively, to 29.36% and 31.95%. The 364-day yield was unchanged at 32.49%.
Latest Stories
-
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
5 minutes -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
9 minutes -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
2 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
2 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
2 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
2 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
2 hours -
Why volunteering might be Africa’s most underrated career accelerator
3 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
3 hours -
Windstorm wreaks havoc in Gushegu, displacing nearly 2,000 residents and damaging schools
3 hours -
Friends of Bridget Bonnie Marks her 35th birthday with donation to Kasseh Model Health Centre
3 hours -
From Ekumfi Kokodo to the Pulpit Stage: Essi Donkor’s gospel journey takes shape
4 hours -
Landfilling waste management creates no value, it’s an economic waste
4 hours -
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
4 hours -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
4 hours