Audio By Carbonatix
The government recorded another marginal oversubscription of treasury bills but at the expense of rising interest rates.
According to auction results from the Bank of Ghana, the government bagged GH¢4.078 billion as against a target of GH¢4.01 billion.
All the bids tendered were oversubscribed.
About GH¢3.32 billion representing 82.97% came from the 91-day bill.
A little over GH¢549.96 million were offered for the 182-day bill.
However, GH¢200.78 million were tendered for the 364-day bill.
The securities will be issued today November 4, 2024.
Meanwhile, interest rates continued to rise on the yield curve.
The yield on the 91-day bill went up by 37 basis points to 26.56%.
That of the 182-day bill was 27.58% as against 27.29% the previous week.
The rate on the 364-day bill was however up by 6.0 basis points to 28.97%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.327 billion | 3.327 billion |
| 182 Day Bill | 549.96 million | 549.96 million |
| 364 Day Bill | 200.78 million | 200.78 million |
| Total | 4.078 billion | 4.078 billion |
| Target | 4.010 billion | |
Latest Stories
-
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
26 seconds -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
22 minutes -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
49 minutes -
Volleyball emerges as Ghana’s fastest rising sport
56 minutes -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
1 hour -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
1 hour -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
1 hour -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
3 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
3 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
4 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
4 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
4 hours -
Why volunteering might be Africa’s most underrated career accelerator
4 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
4 hours