Audio By Carbonatix
The government failed to meet its treasury bills target on the money market as interest rates remained relatively stable.
According to auction results by the Bank of Ghana, the T-bills sale was undersubscribed by 15.4%.
This was one of the few auctions in 2024 that the government could not achieve its target.
Whilst the targeted amount was GH¢4.86 billion, the government got GH¢4.11 billion.
The majority of the bids came from the 91-day T-bills. About GH¢3.05 billion, representing 71.145 was secured.
For the 182-day bill, GH¢795 million of the bids were tendered and the uptake was the same.
The 364-day bill recorded bids worth GH¢269.15 million. All the bids were accepted.
Meanwhile, interest rates remained relatively the same.
The yield on the 91-day bill was unchanged at 25.09%, whereas the six-month bill went for the same interest of 26.94%.
However, the yield on the 364-day eased slightly to 27.94%, from 27.95% previously.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.051 billion | 3.051 billion |
| 182 Day Bill | 795.00 million | 795.00 million |
| 364 Day Bill | 269.15 million | 269.15 million |
| Total | 4.115 billion | |
| Target | 4.865 billion |
Latest Stories
-
Breakfast: To skip or not to skip? An evidence-based perspective on weight management and overall health
12 minutes -
Breast Cancer survivor Miriam Ablah Anani breaks silence on infertility stigma, abandonment and cancer battle
1 hour -
Enough of the Insults: Mahama, Bawumia must help reset Ghana’s political discourse
2 hours -
Mission schools have the right to remain 100% Christian – Christian Apologetic Alliance
4 hours -
UG reopens portal for applicants to review entries after WASSCE results
5 hours -
Ampem Darkoa Ladies miss out on CAF Champions League qualification after penalty shootout loss
6 hours -
Herbal Medicine: Less than 15% practitioners registered
8 hours -
Road inspections not a witch-hunt against contractors — Agbodza
9 hours -
HTU clinic upgraded to primary hospital after HeFRA inspection
9 hours -
“When I am gone, just like Kwame Nkrumah people will appreciate me” – Kurt Okraku
9 hours -
“I love people who are not only critical but constructive” – Kurt Okraku
9 hours -
TECNO’s Modular Phone and TAURUS win gold at IFA 2026, recognising breakthroughs in mobile and gaming technology
10 hours -
Youth Forum in Accra calls for debt cancellation, reparations and African economic independence
10 hours -
Dr Abu Sakara urges African youth to seize global upheaval for economic emancipation
10 hours -
Fulham booed off after third defeat in a row
10 hours