Audio By Carbonatix
For the fourth week, the government recorded an oversubscription of its treasury bills sale.
The target for the auction was estimated at GH¢3.7 billion, but the government received GH¢5.6 billion, about 47.7% oversubscription.
It however accepted GH¢5.3 billion of the total bids.
A little over 45% of the bids came from the 91-day bill. About GH¢2.5 billion of the bids were tendered. The uptake was GH¢2.3 billion.
For the 182-day bill, GH¢1.52 billion of the bids were tendered. The bids accepted were estimated to the tune of GH¢1.45 billion.
Also, GH¢1.538 billion of the bids were tendered for the 364-day bill. GH¢1.533 billion of the bids were accepted.
Meanwhile, interest rates declined across the yield curve.
The yield on the 91-day bill decreased by 3.0 basis points to 11.08%.
That of the 182-day bill, also dropped to 12.43%, from 12.54% the previous week.
The yield on the 364-day bill went down by 17 basis points to 12.91%.
Latest Stories
-
Building Ghana better: Why architects must be at the heart of national development
2 hours -
GMet warns of severe rainstorm across northern Ghana
2 hours -
Semenyo eyes bigger targets after breaking Yeboah’s Ghanaian Premier League record
3 hours -
Health Ministry reviews NDC manifesto commitments
3 hours -
Mfantsipim School @ 150 and Creech’s Mfantsipim Diaries: My First Shock
4 hours -
Labour backs proposed IPEC but demands full involvement in pay reforms
5 hours -
Ashaiman, parts of Accra to face a 15-hour power outage today
5 hours -
Mohammed Baantima Samba retains NPP Northern Regional chairmanship
6 hours -
Qatar denies capturing three Iranian pilots after downing fighter jets
7 hours -
Jeff Konadu Addo retains NPP Eastern Regional chairmanship
7 hours -
Peru cracks down on illegal gold mining in Amazon reserve with military show of force
8 hours -
NPP polls: Makafui Woanya re-elected as Volta Regional Chairman
8 hours -
NPP polls: List of newly elected NPP regional chairmen
8 hours -
Eleven killed in Israeli strikes on southern Lebanon, authorities say
8 hours -
MTN launches Bright Scholars Alumni Network to harness opportunity
9 hours