Audio By Carbonatix
The government failed to meet its treasury bills target for the second week running. According to auction results by the Bank of Ghana, the government’s T-bills were undersubscribed by nearly 30%.
The Treasury received a little over GH¢3 billion, compared to a target of GH¢4.24 billion.
The majority of the bids came from the 91-day bill.
A little over GH¢2.0 billion, representing 68.4% of the bids, were tendered for the 3-month bill. The uptake was GH¢2.02 billion.
For the 182-day bill, GH¢678.18 million of the bids were tendered. The bids accepted were estimated to the tune of GH¢537.69 million.
Also, GH¢272.58 million were tendered for the 364-day bill. About GH¢167 million were accepted.
Meanwhile, Interest rates were, however, mixed on the yield curve
The yield on the 91-day bill went down by 7.0 basis points to 10.13%.
That of the 182-day bill, however, went up to 12.23% from 11.54% the previous week.
The yield on the 364-day bill nonetheless decreased by 2.0 basis points to 13.08%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.059bn | 2.023bn |
| 182 Day Bill | 678.18m | 537.69m |
| 364 Day Bill | 2722.58m | 167.66m |
| Total | 3.009.99bn | 2.728.58bn |
| Target | 4.242bn |
Latest Stories
-
Obuasi East MP weeds Afari Military Hospital grounds, demands immediate operationalisation
5 minutes -
Learn one more language beyond your mother tongue – Vice President urges Ghanaians
22 minutes -
Covenant FC win 2026 Nketiah Foundation football tournament organised by Eddie Nketiah
40 minutes -
GhIE cite regulatory lapses for building collapses, push for stage-by-stage inspections
44 minutes -
CSIR warns weak use of soil data is undermining Ghana’s agric productivity
44 minutes -
Minority demands briefing on Ghanaians’ evacuation from SA amid xenophobic attacks
48 minutes -
Gov’t must complete existing health projects, not start new ones – Minority on Afari Military hospital
1 hour -
Researchers identify biodiversity value chains with potential to strengthen rural livelihoods
1 hour -
Roads Ministry requests recruitment of 1,000 staff to boost agency capacity
1 hour -
CSIR Soil Research Institute raises alarm over zero government funding
1 hour -
More floods loom for Accra as Meteo predicts heavy June rains
1 hour -
Greater Accra REGSEC declares heightened security readiness ahead of peak rains, Homowo festivities
1 hour -
No life jacket, no travel — Transport Ministry enforces new inland water safety directive
1 hour -
Texas teenager convicted and sentenced to 35 years for fatal school stabbing
1 hour -
Supreme Court to rule on challenge to political parties’ delegate system on July 29
2 hours