Audio By Carbonatix
The government missed its treasury bills target again by a massive GH¢2.262 billion as liquidity remains tight on the money market ahead of the December 7, 2024, general elections.
This represented an undersubscription of 37.09%.
According to auction results by the Bank of Ghana, the government got GH¢3.83 billion from the sale of the short-term instruments.
This is against a target of GH¢6.098 billion.
All the bids tendered for the instruments were accepted. Once again, a chunk of the bids came from the 91-day bill.
A little over GH¢2.9 billion, representing 76.9% of the bids were accepted.
About GH¢ 669.37 were tendered for the 182-day bill.
For the 364-day bill, GH¢216.58 million were gotten.
Meanwhile, interest rates rose on the yield curve.
The yield on the 91-day bill went up by 0.40% to 27.36%.
That of the 182-day bill also increased to 28.09% from 27.78% the previous week.
For the 364-day bill, the interest rate also went up to 29.87% from 29.21% the earlier week.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.949bn | 2.949bn |
| 182 Day Bill | 669.37m | 669.37m |
| 364 Day Bill | 216.58m | 216.58m |
| Total | 3835.93bn | |
| Target | 6.098bn | |
Latest Stories
-
Women are Ghana’s underutilised engine of growth—Trade Minister
17 minutes -
Final-year male students of Bolgatanga Technical Institute ordered off campus over alleged unrest plot
18 minutes -
Government urged to integrate prison education into school feeding programme
23 minutes -
China sentences former defence ministers to death with reprieve
24 minutes -
Ghana’s economic future depends on women—Trade Minister tells CEOs
25 minutes -
“We are not just inheriting change; we are driving it”—Trade Minister on Affirmative Action Law
28 minutes -
60-year-old man in custody for allegedly assaulting 16-year-old son at North Legon
33 minutes -
France-Africa summit to showcase renewed partnership and future-focused collaboration
39 minutes -
The avoidable death of Charles Amissah: A national indictment of Ghana’s emergency care system
41 minutes -
Parts of Keta submerged after hours of heavy downpour
41 minutes -
Gov’t proposes dedicated TVET Fund to drive Ghana’s skills-based economy
44 minutes -
Bank of Ghana working to close gap in credit access – Matilda Asante-Asiedu
52 minutes -
Young Ghanaian author channels book sales into community water project
55 minutes -
Britons on hantavirus cruise ship face 45 days of self-isolation
55 minutes -
One collapses and dies as police arrest robbery suspects in Bolgatanga
59 minutes