The government will borrow ¢1.59 billion via the 91-day and 182-day Treasury bills next week.
The proceeds will be used to refinance maturing debts worth ¢1.51 billion across the same tenors. Analysts and Market Waters expect demand to remain robust as investors take advantage of slightly elevated yields.
Ghana is hoping to secure a $1 billion loan from the World Bank which would be made available after concluding an International Monetary Fund (IMF) board level agreement.
This will help the government to reduce its short-term borrowing, leading to decline in yields.
Last Friday April 21, 2023, the government received bids of ¢2.54 billion and accepted ¢2.53 billion for the T-bills.
The effect of the liquidity squeeze lingers as investors continue to demand higher yields despite falling inflation.
Yields increased across all tenors, as the 91-day and 182-day inched up 0.12 percent and 0.10% to 19.86% and 22.58% respectively.
Additionally, the 364-day yield settled at 27.26%.
Latest Stories
-
Police officer interdicted after video of assault goes viral
6 mins -
KNUST’s Prof. Reginald Annan named first African recipient of World Cancer Research Fund
7 mins -
George Twum-Barimah-Adu pledges inclusive cabinet with Minority and Majority leaders
55 mins -
Labourer jailed 5 years for inflicting cutlass wounds on businessman
56 mins -
Parliament urged to fast-track passage of Road Traffic Amendment Bill
56 mins -
Mr Daniel Kofi Asante aka Electrician
57 mins -
Minerals Commission, Solidaridad unveils forum to tackle child labour in mining sector
1 hour -
Election 2024: Engagement with security services productive – NDC
1 hour -
Retain NPP for the good of Ghana – Rebecca Akufo-Addo
1 hour -
‘Let’s work together to improve sanitation, promote health outcome’ – Sector Minister urges
1 hour -
Ellembelle MP cuts sod for six-unit classroom block at Nkroful Agric SHS
1 hour -
‘I’ll beat the hell out of you if you misbehave on December 7’ – Achiase Commanding Officer
1 hour -
AFPNC leads the charge on World Prematurity Day 2024
1 hour -
Court remands unemployed man over theft of ECG property
1 hour -
Election security rests solely with the police – Central Regional Police Command
1 hour