Audio By Carbonatix
The demand for treasury bills continued to surge despite declining yields.
According to auction results by the Bank of Ghana, the government recorded a 43.85% percent oversubscription of T-bills.
The government got GH¢10.559 billion from the sale of the short-term instruments.
It however accepted GH¢7.650 billion.
A little above GH¢6.1 billion cedis came from the 91-day T-bills. This represented about 58% of the total bids.
The Treasury accepted GH¢3.87 billion.
For the 182-day bill, GH¢4.419 billion were tendered. About GH¢3.7 billion were accepted.
There were no bids for the 364-day bill.
Meanwhile, interest rates declined for the second-week running.
The yield on the 91-day bill went down by 43 basis points to 27.98%.
That of the 182-day also dropped to 28.68% from the previous 28.89%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 6.139bn | 3.877bn |
| 182 Day Bill | 4.419bn | 3.77bn |
| Total | 10.599bn | 7.650bn |
| Target | 7.258bn |
Latest Stories
-
Media Coalition Against Galamsey calls for prosecutions, questions effectiveness of deportation policy
4 minutes -
Tyson Fury pays tribute to Anthony Joshua’s friends killed in Nigeria car crash
18 minutes -
GTA welcomes Mr Eazi’s $2m event centre investment plan
45 minutes -
Mrs Sylvia Cudjoe
56 minutes -
If gov’t walks the talk in budget, 2026 will be a good agriculture year – Dr Opoku Gakpo
59 minutes -
Enforcement of law, order in Bawku non-negotiable – Asiedu Nketia
1 hour -
Lady Mae Injects GH¢1.59m into women’s empowerment as she launches ‘Save You First’
1 hour -
Prof. Emmanuel Adinyira: When traffic decides who lives
1 hour -
May our New Year be restless: A message to the President, the people, and the continent
2 hours -
GoldBod should be fixed, not scrapped – Economist
2 hours -
We have failed as a country in road safety education – Accident Victims Support president
2 hours -
Gov’t launches 1-day expedited passport delivery service
2 hours -
Before the Bell Rings, the Buckets Rise: How climate change is stealing childhood at Wassa Agave
2 hours -
Victims of Ho Central Mosque shooting appeal to Mahama for intervention
3 hours -
Kumasi Central Prison holds maiden inmates’ fashion show, showcasing talent and rehabilitation
3 hours