Audio By Carbonatix
The government recorded a 19.0% oversubscription of treasury bills for the fifth week running.
The target for the auction was estimated at GH¢3.3 billion, but the government got GH¢3.95 billion, about 19.69% oversubscription.
It however accepted GH¢3.89 billion of the total bids.
According to auction results by the Bank o Ghana, a little over 61% of the bids came from the 91-day bill. GH¢2.449 billion of the bids were tendered. The uptake was GH¢2.447 billion.
For the 182-day bill, GH¢781.43 million of the bids were tendered. The bids accepted were estimated to the tune of GH¢726.43 million.
Also, GH¢726.43 million of the bids were tendered for the 364-day bill. The same amount of the bids were accepted.
Meanwhile, interest rates increased across the yield curve.
The yield on the 91-day bill went up by a basis point to 11.09%.
That of the 182-day bill, also jumped to 12.52%, from 12.43% the previous week.
The yield on the 364-day bill rose by 3.0 basis points to 12.94%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.449bn | 2.447bn |
| 182 Day Bill | 781.43m | 726.43mn |
| 364 Day Bill | 726.43mn | 726.43mn |
| Total | 3.957bn | 3.897bn |
| Target | 3.306bn |
Latest Stories
-
Explosion reported outside US embassy in Oslo, police say
3 hours -
Trump accuses UK PM of seeking to ‘join wars after we’ve already won’
3 hours -
See the areas that will be affected by ECG’s planned maintenance today, March 8
3 hours -
First Lady champions ‘Give to Gain’ spirit for International Women’s Day
4 hours -
Ghana@69: Ghana mission in Canada promotes investments and partnerships
4 hours -
Lebanon condemns ‘grave breach’ as missiles strike Ghanaian UN base
5 hours -
Franklin Cudjoe demands urgent TOR overhaul as Middle East crisis threatens fuel security
5 hours -
10 injured in three-vehicle crash on Konongo–Kumasi road
5 hours -
UK aircraft carrier given five days to be ready to deploy
6 hours -
Ghana to replicate digital innovation success in Malawi
6 hours -
Iranian ambassador warns UK to be ‘very careful’ about further involvement in war
6 hours -
She Gives: The ripple effect of women who choose to give
6 hours -
Nadowli-Kaleo District observes 69th Independence Day with cultural exhibition and academic awards
6 hours -
Chambas Team of Red Alert, Narcotics Commission join forces to combat drug abuse
6 hours -
Tano North MCE launches 75 km road project under DRIP initiative
7 hours