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
-
‘Apologise if you accept you erred’ – Political analyst tells Chief Justice
7 minutes -
Mahama’s board shake-up should not be linked to indiscipline – Akwatia MP
29 minutes -
‘My Police, Your Police, Our Police’: the Aboso fire and a lesson in Policing together
51 minutes -
Parliament backs OSP probe into alleged GH¢70k payment to Patricia Appiagyei
1 hour -
Photos: Joy FM Back-to-School Fair buzzes with excitement, strong patronage on Day 2
1 hour -
Dissolving inactive SOE boards is justified – Dennis Miracles Aboagye
2 hours -
John Boadu: I am not contesting for president; I am contesting to make Bawumia President
2 hours -
Zoomlion begins post-flood disinfection exercise in West Gonja to curb health risks
2 hours -
When Lady Justice Counted Eight Years
2 hours -
SIGA reporting should distinguish commercial performance from public service – Yaw Appiah Lartey
2 hours -
SOEs must hold AGMs, not just submit audited accounts – Deloitte Partner
2 hours -
There are errors in SIGA report that affected its conclusions – Miracles Aboagye
2 hours -
Joy FM Back-to-School Fair gains momentum as Day 2 gets underway
3 hours -
Bright Simons fires back, rejects claims he used AI to critique SIGA report
3 hours -
SIGA did not conjure or manufacture figures – Prof Kpessa-Whyte
3 hours