The government missed its target for treasury bills for the 9th week, as liquidity remained tight on the money market ahead of the December 2024 elections.
According to auction results from the Bank of Ghana, the government’s target fell short by GH¢754.86, about 13.47% undersubscription.
The government secured GH¢4.84 billion from a target of GH¢5.604 billion.
All the bids tendered for the short-term instruments were accepted.
GH¢3.903 billion was tendered for the 91-Day Bill. This represented 80.49% of the total bids.
For the 182-Day Bill, GH¢748.58 million was tendered.
The 364-Day Bill received the lowest bid of GH¢197.11 million.
Meanwhile, interest rates went up marginally on the yield curve.
The yield on the 91-Day Bill went up by 2.0 basis points to 24.90%.
That of the 182-Day Bill remained relatively the same at 26.78%.
However, the 364-Day Bill increased slightly to 27.92% from the previous week's 27.91%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91-Day Bill | 3.903 billion | 3.903 billion |
| 182-Day Bill | 748.58 million | 748.58 million |
| 364-Day Bill | 197.11 million | 197.11 million |
| Total | 4849.14 billion | 4849.14 billion |
| Target | 5.604 | |
Latest Stories
-
How a stale A$17.50 cookie sparked a social media storm
47 mins -
Catholic Church to lead protest walk against galamsey on Oct. 11
55 mins -
87% of petroleum sector players cite foreign currency acqisition as biggest challenge in meeting payment obligations – Report
2 hours -
Organised Labour, our only hope for the voiceless in the Galamsey fight. (Part II)
2 hours -
GPL 2024/25: Hearts held at home against Aduana
3 hours -
Lands Ministry receives petition from #FreeTheCitizens protestors
3 hours -
Vision Foundation make medical donation to Manhean Polyclinic
4 hours -
Gen Z highlife singer Yaw Darling making waves with hit single
5 hours -
Organised labour can’t call off intended strike if demand isn’t met – Labour expert
5 hours -
MTN Ghana unveils tailored services for oil and gas sector at Local Content Conference
5 hours -
Ghana’s Economic recovery a major reason for our return- Virgin Atlantic Airlines
5 hours -
Eric Atta-Sonno: Preserving the beach fronts of Cape Coast: A reflection on our values
5 hours -
Small-scale miners seek engagements with gov’t, organised labor on measures to deal with illegal mining
5 hours -
Choose competence over religious considerations – Napo tells electorate
6 hours -
How much time is more time? – UTAG sceptical of Akufo-Addo’s assurance to act on galamsey demands
6 hours