The government borrowed GH¢15.60 billion via treasury bills in April 2024.
This is 21.61% lower over March 2023.
The government underperformed its target in four out of the five auctions settled in Apr 2024.
It missed the gross monthly target by 9.73% and 3.90% below the matured bills.
However, it remained focused on trimming T-bill yields in Apr 2024.
Whilst, the 91-day shed 45 basis points to close at 25.55%, the 182 and 364-day yields lost 85 basis points each to end the month at 27.65% and 28.25% respectively.
Notable upside pressures remain from inflationary risk in the recent increase of ex-pump fuel and transport prices.
However, analysts expect the favourable inflation outlook to augur well for treasury yields in the money market.
Meanwhile, T-bills were oversubscribed in last week’s money market auction, as total bids exceeded the treasury’s target.
The treasury accepted all bids worth GH¢3.47 billion, above the auction target by 17.07% and matured bills by 26.74%.
Yields persisted southward, with the 91-day falling 10 basis points to 25.45%.
Latest Stories
-
Infinix Ghana wins Smartphone Brand of the Year at Ghana-West Africa Business Excellence Awards
40 mins -
Helicopter in Iranian president’s convoy crashes – state media
54 mins -
Fella underwent surgery to advertise her slim tea business – Medikal
1 hour -
‘Take precaution, don’t be in a hurry to go and die’ – Author advises road users
1 hour -
Crystal Palace on the right track under Glasner – Ayew
2 hours -
16 injured in Essikadu premix fuel explosion
2 hours -
Moving car catches fire near Adum STC
4 hours -
Fella Makafui petitions CID to investigate Medikal
5 hours -
Kasoa shooting: Court denies man who shot soldier bail
5 hours -
IMF programme blamed for the Cedi’s decline
5 hours -
Bank of Ghana denies profiting from high monetary policy rates
5 hours -
Fella Makafui physically assaults me, destroys my properties – Medikal alleges
5 hours -
Fair Wages resumes negotiations with MELPWU on May 21
5 hours -
Kofi Adams questions government’s handling of GARID’s $200m loan
5 hours -
Actress cum activist Akosua Asieduaa advocates for youth empowerment and gender equality at USAID Youth Conference
5 hours