Audio By Carbonatix
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
-
Family of Charles Amissah launches foundation for emergency care reform
3 minutes -
Livestream: JoyNews & Amalgam of Professional Bodies Speaker Series on Centers of Prosperity underway
9 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
42 minutes -
Two Ministries that have perfected failure
59 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