For the 5th consecutive week, the government failed to meet its treasury bills target.
According to auction results from the Bank of Ghana, the government got GH¢5.300 billion from the sale of the short-term instruments.
This was about 19% lower than the targeted amount of GH¢ 6.558 billion.
All the bids tendered were, however, accepted.
Around GH¢ 4.101 billion came from the 91-day bill, approximately 77.3% of the total bids tendered.
For the 182-day bill, GH¢ 967.19 million was tendered.
The 364-day bill however received total bids worth GH¢ 231.14 million.
Meanwhile, interest rates surged marginally due to the tightening liquidity.
The yield on the 91-day bill was 24.825% from 24.820 the previous week.
That of the 182-day bill was 26.764% from the preceding week’s 26.76%.
The rate of the 364-day bill was however 27.857% as against the past week’s 27.85%.
SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
91 Day Bill | GH¢ 4.101 billion | GH¢ 4.101 billion |
182 Day Bill | GH¢ 967.19 million | GH¢ 967.19 million |
364 Day Bill | GH¢ 231.14 million | GH¢ 231.14 million |
Total | 5.300 billion | 5.300 billion |
Target | 6.558 billion |
Latest Stories
-
NCCE to embark on indefinite strike on September 18
16 mins -
NPP ‘fiercely’ opposes actions that compromise EC’s independence – Henry Nana Boakye
16 mins -
Political actors must prioritize issues of women and children in electioneering – ICGC PVV
32 mins -
Empowering change: Political commitments to Ghana’s Affirmative Action
34 mins -
Akufo-Addo sacks NSA Director General following CAF’s withdrawal of Baba Yara license
38 mins -
FWSC urges NCCE staff to stay planned strike action in favour of negotiation
38 mins -
The Story of Your Name: an Emotional Justice project
42 mins -
Uefa Champions League returns to Hitz FM and Joy FM
48 mins -
I’ll introduce community mining scheme to eradicate galamsey – Bawumia
49 mins -
Galamsey: Meeting between TUC and gov’t Ad-hoc committee ends inconclusively
55 mins -
BoG pledges to continue to bolster engagements with financial institutions to reduce fraud
59 mins -
Miss Malaika Ghana 2024: The glow-up season top 20 unveiled
1 hour -
Deloitte holds ‘Managing Employee Income Tax & Expatriate Immigration Compliance’ training
1 hour -
CSE report warns decline in groundwater in African countries, urges revival of ancient rainwater harvesting techniques
1 hour -
EC must examine NDC grievances and address them – Frimpong Manso Institute
1 hour