Audio By Carbonatix
The government will raise ¢2.76 billion on Friday, February 10, 2023, to refinance Treasury bill maturities worth ¢2.53 billion.
This will be issued via the 91-day, 182-day and and 364-day bills.
With such a large size on offer, the yields are expected to continue the upward trajectory, but marginally.
Following the Domestic Debt Exchange Programme, which has triggered the suspension of the issuance of bonds, the short term securities market remain the only source of borrowing for the government.
Consequently, investors have no option than to invest in the treasury market for gains.
Last week, the government mobilised ¢1.95 billion from the treasury market as it accepted all bids tendered.
The uptake exceeded the auction target by 37%.
The yields on the 91-day and 182-day tenors rose slightly to 35.75% and 35.81% respectively, but within the 35% bracket.
Latest Stories
-
FDA clamps down on unregistered diaper products in Ho Market
40 seconds -
Beyond the Hills: A different story unfolds at Ashesi University
8 minutes -
Cocoa sector crisis has exposed the NDC government – Dr Amin Adam
22 minutes -
A Tax for Galamsey: Gov’t should’ve been more decisive, prompt in their action – Daryl Bosu
27 minutes -
Ken Ashigbey urges more investigative journalism to curb galamsey
34 minutes -
Dr Gideon Boako announces reconstruction of Yamfo Market
36 minutes -
Norway’s former PM charged with gross corruption over Epstein links
40 minutes -
Minority urges gov’t to restore promised cocoa price
41 minutes -
Politicisation of Cocobod led to its crisis – Prof Prempeh
44 minutes -
A Tax for Galamsey: Ashanti Reg. Min. calls for ‘natural justice’ over calls to interdict Amansie DCE
58 minutes -
A Tax for Galamsey: Investigations are underway, wrongdoers will be punished – Ashanti Regional Minister
1 hour -
‘Blend Festival’ hosts Wiyaala, Maami
1 hour -
Asiedu Nketia seeks feedback on NDC’s manifesto performance during Effutu visit
1 hour -
From ‘Kenkey Pan’ to Professor: The inspiring rise of ‘Pracademic’ Prof Collins Badu Agyemang
2 hours -
I’m glad God is using me to get Yamfo a befitting market – Gideon Boako
2 hours