Audio By Carbonatix
The government recorded another marginal oversubscription of treasury bills.
It however came at the expense of rising interest rates as the cost of borrowing surged.
According to the auction results by the Bank of Ghana, the government bagged GH¢5.825 billion from the sale of the short-term instruments.
This is against a target of GH¢5.623 billion.
All the bids were accepted.
A staggering GH¢ 5,107 billion, about 87.67% came from the 91-day bill.
For the 182-day bill, GH¢ 560.07 million cedis were tendered.
A little over GH¢ 157 million were however offered for the 364-day bill.
Meanwhile, interest rates increased on the yield curve.
Some analysts believe the government would have missed its target if interest rates had stayed the same or gone down.
The yield on the 91-day bill went up by 26 basis points to 26.82%.
The rate on the 182-day bill was however 27.67%, higher than the 27.58% recorded a week ago.
That of the 364-day bill also shot up to 29.12%, compared with 28.97 the preceding week.
| SECURITIES | BIDS TENDERED (GH¢ ) | BIDS ACCEPTED (GH¢ ) |
| 91 Day Bill | 5.107bn | 5.107bn |
| 182 Day Bill | 560.07m | 5.60.07m |
| 364 Day Bill | 157.98m | 157.98m |
| Total | 5.825bn | |
| Target | 5.623bn | |
Latest Stories
-
A nation that prays for political failure
5 minutes -
Kumasi Mayor inspects key inner-road projects, promises major upgrade of road infrastructure
5 minutes -
Manhyia South MP questions authenticity of audit report presented to Parliament
7 minutes -
NAIMOS destroys illegal mining structures, immobilises 4 excavators in Amenfi Central
18 minutes -
Ghana to host One Vecta AI Summit 2026
26 minutes -
NAIMOS destroys 50 illegal mining machines during patrol on Ankobra River
43 minutes -
Police retrieve 397 slabs of suspected cannabis hidden in charcoal bags in Techiman
55 minutes -
TUTAG holds 51st Delegates Congress, calls for action on IGF, post-retirement contracts, and national issues
1 hour -
CID arrests Counsellor Lutterodt over viral comments on Daddy Lumba
1 hour -
Works and Housing Minister signs MoU with Turkish firms for major Accra water project
1 hour -
Ghana not going to the World Cup just to make up numbers – Jordan Ayew
2 hours -
Three arrested over the killing of Abamba Queenmother in Bono East
2 hours -
Daily Insight for CEOs: Defending and expanding market share
2 hours -
Auditor-General report flags GH¢162m in overstated claims by state agencies
2 hours -
GH¢1.4 bn duplicated claims uncovered across MDAs – Deputy Finance Minister
2 hours