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
-
Mahama welcomes UN resolution declaring slavery gravest crime against humanity
14 minutes -
NIA announces early closure of registration centres for Heritage Month activities
41 minutes -
My focus is industrialisation, not parliamentary debates—A-Plus
49 minutes -
Inclusivity and accountability key to Ghana’s development – NDPC Chairman
54 minutes -
Chairman Wontumi challenges ‘no case’ ruling, seeks stay of trial
2 hours -
Herdsman shot dead by masked gunmen near Wellembelle
2 hours -
Committee for Public Accountability demands disclosure of McDan Aviation terminal takeover
2 hours -
Every team is beatable – Otto Addo ahead of Austria clash
3 hours -
French court hands Islam scholar Tariq Ramadan 18-year jail term for rape
3 hours -
Understanding Autism: Empowering children with different abilities in Ghana
3 hours -
Army commander convicted of Guinea stadium massacre dies in prison
3 hours -
Rescuers attempt to save stranded humpback whale off German coast
3 hours -
Three escape unhurt as diesel truck overturns in Oti Region
3 hours -
Empowering the next generation: ‘Roll up your sleeve 26’ inspires students to dream big and act now
3 hours -
GCB Bank strengthens market leadership with record GH¢3.2bn profit in 2025
3 hours