Audio By Carbonatix
Investor interest in short-term Government of Ghana instruments dipped for the first time in several months.
According to auction results by the Bank of Ghana, the government undersubscribed its treasury bills sale by 25.4%.
The target for the auction was GH¢5.0 billion, but the bids tendered were GH¢3.7 billion. The government, however, accepted GH¢3.26 billion of the bids.
The 91-day bill was the most subscribed as GH¢2.23 billion of the bids were tendered, representing 59.8% of the total bids. However, the uptake was GH¢1.76 billion.
For the 182-day bill, GH¢667.12 million of the bids were tendered. All the bids were accepted.
The 364-day bill recorded bids of about GH¢831.41 million. All the bids were accepted.
Meanwhile, interest rates rose on the yield curve.
The yield on the 91-day bill increased by 7.0 basis points to 4.78%.
That of the 182-day bill also went up to 6.36% from 6.28% the previous week.
Similarly, the yield on the 364-day bill inched up by 18 basis points to 9.58%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.232bn | 1.767bn |
| 182 Day Bill | 667.12m | 667.12m |
| 364 Day Bill | 831.41m | 831.41m |
| Total | 3.73bn | 3.26bn |
| Target | 5.005bn |
Latest Stories
-
Organised Labour should seek fair adjustment, not excessive pay rise – Labour consultant
1 minute -
BoG maintains medium-term inflation forecast of 8 ± 2%
9 minutes -
Sammi Awuku urges NPP Germany to unite ahead of 2028 elections
47 minutes -
The Inconvenient Truth: We cannot pray for the cure while protecting the disease
1 hour -
MTN Ghana trains civil society organisations on artificial intelligence
2 hours -
GoldBod FX framework aims to make dollar supply predictable – Acheampong
3 hours -
How does a Ghanaian team make it to the BAL?
3 hours -
Ghana’s investment climate presents opportunities for industrial growth and job creation.
3 hours -
‘I paid thousands to a company for jobs that never came’
3 hours -
SSNIT intensifies informal sector enrolment drive with Techiman float
3 hours -
Ghana seeks long-term mining investments that benefit local communities – Armah-Kofi Buah
3 hours -
GHATOF demands compensation for 85 businesses affected by La Pleasure Beach demolition
4 hours -
Bono Regional Minister calls for investor education to drive economic growth
4 hours -
Ghana’s Ambassador to China, Kojo Bonsu, presents credentials to Nepalese President
4 hours -
Fairtrade Africa’s Cocoa Hubs Project strengthens rural service centres in cocoa-growing communities
4 hours