Audio By Carbonatix
The government will raise about ¢3.21 billion in Treasury bills this Friday, March 24, 2023.
This will be done via the 91-day, 182-day and 364-day bills.
The amount raised will partly be used to refinance ¢1.88 billion worth of maturing T-bills.
Despite the large offer size, analysts believe the prevailing liquidity conditions will enable the government to reach its target.
Additionally, yields will continue to fall as investor demand remains firm.
The government raised ¢3.88bn in last week's T-bill auction. The uptake exceeded the auction target by 39.79%.
Yields on the 91-day and 182-day retreated to 18.53% (-147 basis points week-on-week) and 21.27% (-158 basis points week-on-week).
A chunk of the bids for the T-bills came from the 91-day T-bill as ¢2.90 billion was accepted.
For the 182-day bill, the bids submitted were estimated at ¢983.7 million. But ¢972.4 million was accepted.
Latest Stories
-
JoyNews Republic Bank Habitat Fair 2026 kicks off today at Achimota Mall
1 minute -
What Is Wrong With Us: The roads that keep counting our dead
6 minutes -
MTN condemns recent xenophobic attacks on Ghanaians in South Africa
10 minutes -
Philip Nai: What happens at your front desk can make or break your brand
21 minutes -
Ghana’s mining deaths fall sharply, but Chamber insists ‘three deaths are too many’
2 hours -
Tatale Sanguli officials destroy expired food products, warn traders
2 hours -
Police arrest two watchmen over alleged defilement of 14-year-old student
2 hours -
The woman behind General Mosquito: Could Ghana be meeting its next First Lady?
2 hours -
Court remands man over alleged Labone bank robbery attempt
2 hours -
Supreme Court to rule on injunction application on legal vacation today
2 hours -
Tamale Metropolitan Assembly distributes 10,000 bags of fertiliser to farmers
2 hours -
TUSAAG suspends strike, resumes work after renewed talks with government
2 hours -
PIAC marks 15 years of oil revenue accountability and transparency
2 hours -
Adongo calls for non-political interference in $1.46bn Heritage Fund review
2 hours -
FDA records GH¢70m surplus in 2025 amid concerns over ageing lab equipment
2 hours