Audio By Carbonatix
The government borrowed ¢16.34 billion via Treasury bills in December 2023, about 6.62% more than in November 2023.
This was to refinance matured bills worth ¢12.83 billion. The excess uptake was also used to cover other budgetary needs.
Investor demand for T-bills remained robust in December 2023, as the treasury received bids of ¢16.35 billion versus a combined target of ¢16.12 billion.
Yields saw mixed performance on a month-on-month basis, with the 91-day bill declining to 29.36%, while the 182-day advanced to 31.95%.
The 364-day yield also recorded a 74 basis points decline to 32.49%.
Analysts anticipate high auction uptakes in January 2023 to present upside pressures to T-bill yields, though continued disinflation may slow the rise.
If inflation continues to decline, yields will also come down.
The treasury received bids totalling ¢4.21 billion in the last auctioning for 2023 against an auction target of ¢4.08bn.
The government accepted all bids, with the uptake exceeding the week’s refinancing obligation by 65%.
Latest Stories
-
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
40 minutes -
FDA urges consumers to prioritise safety when purchasing products during festive season
44 minutes -
President Mahama calls for single-digit interest rates on agricultural loans
57 minutes -
President Mahama urges Ghanaians in formal jobs to take up farming
1 hour -
Farming interventions paying off, lifting incomes and food security, says Agric minister
1 hour -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
2 hours -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
2 hours -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
2 hours -
Photos: Ghana celebrates 41st National Farmers’ Day
2 hours -
2025 Farmer’s Day: Farmers demand a 2% interest rate on loans to boost farming activities
2 hours -
Chamber of Aquaculture Ghana calls for strong public-private partnerships to unlock finance and transform the sector
2 hours -
Lions celebrate International Volunteer Day with over decades of service and impact
3 hours -
3 dead, dozens injured in Mampong Abuontem head-on collision
3 hours -
MoFFA shuts down several Eastern Region mortuaries over poor sanitation, non-compliance
3 hours -
Domestic violence case: John Odartey Lamptey remanded over alleged brutal assault on wife
3 hours