Audio By Carbonatix
The government rejected GH¢10.865 billion of bids tendered for treasury bills as demand for the short-term instruments reached a record high.
The Treasury registered a 140.5% oversubscription to the tune of GH¢20.49 billion.
It accepted GH¢9.634 billion, higher than the target of GH¢7.72 billion.
The 364-day bill received the highest bids estimated at GH¢8.11 billion, about 39.56% of the total bids. A little over GH¢3.9 billion were accepted.
For the 91-day bill, about GH¢7.38 billion, representing 36.02% of the total bids were tendered. A little above GH¢4.2 billion were accepted.
The 182-day bill also saw bids worth about GH¢5 billion tendered. About GH¢1.43 billion bids were accepted.
Meanwhile, interest rates took a nosedive, reducing the government’s cost of borrowing.
The yield on the 91-day bill went down by 238 basis points to 24.47%.
That of the 182-day bill also declined to 25.38% from the previous 27.80%.
Similarly, the 364-day bill was reduced by 178 basis points to 27.29%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 7.385bn | 4.223bn |
| 182 Day Bill | 5.003bn | 1.432bn |
| 364 Day Bill | 8.110bn | 3.968bn |
| Total | 20.499bn | 9.634bn |
| Target | 8.068bn |
Latest Stories
-
Family of Charles Amissah launches foundation for emergency care reform
2 minutes -
Livestream: JoyNews & Amalgam of Professional Bodies Speaker Series on Centers of Prosperity underway
8 minutes -
Hospital Staff named in Charles Amissah death probe as committee calls for sanctions
13 minutes -
Here are the four hospitals Charles Amissah moved through in 118 minutes before he died
41 minutes -
Two Ministries that have perfected failure
58 minutes -
Hospitals failed to triage Charles Amissah despite arrival alive — Committee
1 hour -
Cocoa farmers in Amenfi Central rally against galamsey ahead of new season
1 hour -
MoMo Ghana CEO backs golf as platform for business, community building
1 hour -
Public confidence in Ghana’s governance institutions remains low despite strong democratic credentials — APL Barometer
1 hour -
Charles Amissah died from medical neglect, not trauma — Akosa committee finds
1 hour -
Housing and food prices drove April inflation as GSS reports mixed sector trends
2 hours -
IMANI Africa defends CSO intervention in Supreme Court case challenging OSP Act
2 hours -
Ablakwa assures support for Ghanaian nationals in UAE amid regional tensions
2 hours -
Asantehene @ 76: How Otumfuo celebrates his birthday
2 hours -
2026 U20 WWCQ: Kurt Okraku visits Black Princesses camp ahead of Uganda second leg
2 hours