Audio By Carbonatix
The persistent weak demand for treasury bills is likely due to a shift of institutional funds into higher-yielding alternatives such as fixed deposits and repos.
In addition, the Bank of Ghana’s Open Market Operations continue to attract high demand from investors.
The recent auction for the short-term bills attracted GH¢8.8 billion from banks ahead of the August 22, 2025, primary auction, further diluting liquidity in the treasury bill market.
“In the coming week, we expect investor participation to remain subdued amid modest yield compression”, Databank Research mentioned.
Last week’s primary Treasury bill auction was undersubscribed by 35.7% against the GH¢4.24 billion target.
The Treasury accepted GH¢2.73 billion from the GH¢3 billion tendered, covering only 64% of maturities worth GH¢3.84 billion.
Yields fell across the curve, with the 91-day down 6 basis points to 10.14%. Both the 182-day and 364-day papers dipping 2.0 basis points to 12.23% and 13.08% week-on-weekw, respectively.
Latest Stories
-
Strong public confidence boosts Ghana’s drive towards local vaccine production
8 minutes -
Strategy Execution for Results
15 minutes -
Teens need to press pause on late-night doomscrolling
15 minutes -
PIAC probes delayed Ehi–Dzodze road project amid concerns over oil revenue use
17 minutes -
Amb. Dr Samuel Ben Owusu calls for urgent action on Ghana’s water security
32 minutes -
Pan Africa AU Agenda 2063 Mission, IAWPA hold Africa Day Leadership Summit in Accra
35 minutes -
Akatsi North MP calls for more teacher recruitment as district commissions new projects
37 minutes -
Paternity Fraud Laws in Ghana: A balanced alternative to Compulsory Paternity Testing at Birth
49 minutes -
Flooding in Accra: Over 30 Years of Doing Nothing
1 hour -
TI Ghana, GIPC intensify media campaign against fronting in business sector
1 hour -
“I suffered beatings, look at my marks” – Evacuated Ghanaian recounts alleged xenophobic attack in South Africa
2 hours -
Afanyi Dadzie Writes: Xenophobia, illegal migration and the hard truths we must face as Ghanaians
2 hours -
The NPP can only secure victory in 2028 with the right leadership choices at every level of the party
2 hours -
When Memory Dies: South Africa’s Convenient Amnesia
3 hours -
MTN Ghana urges women to prioritise emotional wellness at Mmaa Nkomo event
3 hours