Audio By Carbonatix
The government failed to meet its treasury bills target for the third consecutive week.
According to the auction results by the Bank of Ghana, the government missed the target narrowly by 4.38%.
The Treasury got GH¢7.22 billion as against a target of GH¢7.588 billion.
The chunk of the bids came from the 91-day bill, with investors offering GH¢6.025 billion. This represented 83.3% of the total bids.
For the 182-day bill, investors tendered in only GH¢ 995.27 million. All the bids were accepted.
A little over GH¢204 million of the bids came from the 364-day bill. The treasury, however, accepted GH¢173.40 million of the bids.
Meanwhile, interest rates continued to narrow on the shorter end of the yield curve.
The yield on the 91-day bill went down by 9.0 basis points to 14.70%.
That of the 182-day bill also declined to 15.25% from the previous week’s 15.45%.
However, the yield on the 364-day bill went up by 3.0 basis points to 15.74%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 6.025bn | 6.025bn |
| 182 Day Bill | 995.27m | 995.27m |
| 364 Day Bill | 204.50m | 173.40m |
| Total | 7.225bn | 7.194bn |
| Target | 7.588bn |
Latest Stories
-
Russia killed opposition leader Alexei Navalny using dart frog toxin, UK says
3 hours -
Obama addresses racist video shared by Trump depicting him as an ape
3 hours -
Frank Davies slams Special Prosecutor as INTERPOL deletes Ofori-Atta Red Notice
4 hours -
Controller issues March 15 ultimatum for Ghana Card verification
6 hours -
Cocoa Crisis: Current challenges are self-inflicted — Oforikrom MP
6 hours -
Fuel prices set to surge as Cedi slides and global markets tighten
7 hours -
President Mahama honours August 6 helicopter crash widows with Valentine’s Day tribute
8 hours -
Vice President Naana Jane Opoku-Agyemang champions made-in-Ghana chocolates on Valentine’s Day
8 hours -
Six critically injured in gruesome head-on collision near Akrade
10 hours -
Gov’t to extradite foreign national who secretly filmed Ghanaian women to face prosecution – Sam George
10 hours -
U20 WWC: Black Princesses to play Uganda in final round of qualifiers
10 hours -
Burundi takes the helm as African Union declares ‘war’ on water scarcity
11 hours -
‘I will never forget you’ – Kennedy Agyapong thanks supporters, NPP delegates after primaries
12 hours -
Woman found dead in boyfriend’s room at Somanya
14 hours -
Woman feared dead after being swept away in Nima drain amid heavy rain
14 hours