The government oversubscribed about 11% of its treasury bill sales for the third consecutive week.
However, it came at the expense of rising interest rates.
According to data from the Bank of Ghana, the government got GH¢4.42 billion from the auction of the short-term instrument as against a target of GH¢3.98 billion.
The government accepted all the bids tendered for the auction by investors.
About 72% of the bids came from the 91-day bill.
A total of GH¢3.18 billion was offered for the 3-month bill.
For the 182-day bill, GH¢ 957.67 million were tendered.
A little over GH¢276 million were offered for the 364-day bill.
Meanwhile, interest rates continued to surge on the yield curve.
The yield on the 91-day bill went up by 25 basis points to 26.19%.
That of the 182-day bill was 27.29% as against 27.03% the previous week.
The rate on the 364-day bill was however up by 24 basis points to 28.97%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.188 billion | 3.188 billion |
| 182 Day Bill | 957.67 million | 957.67 million |
| 364 Day Bill | 276.32 million | 276.32 million |
| Total | 4.422.11 billion | |
| Target | 3.980.00 billion | |
Latest Stories
-
Power challenges persist due to government’s mismanagement of revenues – Okudzeto Ablakwa
22 mins -
Jordan Ayew injury not as bad as feared – Leicester City boss
31 mins -
Stonebwoy heads to North America for UP & RUNNIN6 tour
32 mins -
FDA explains extension of best-before date for ‘expired’ rice
37 mins -
Rebecca Akufo-Addo, Mahama storm Akuapem North as NPP NDC slugs it out
39 mins -
Fatawu’s injury a big blow for us – Leicester City manager
50 mins -
No MC has influenced pop culture in 2024 more than me – Portfolio
52 mins -
Kpando NCCE holds dialogue for Parliamentary Candidates
1 hour -
Bawumia solicits support of CSOs to tackle ‘entrenched interests’ in corruption fight
1 hour -
I’m looking forward to working with CSOs, research institutions; they have a lot to offer – Bawumia
1 hour -
The former illegal miner who became valedictorian: Eliasu Yahaya Bansi’s KNUST journey
1 hour -
Prof Opoku-Agyemang slams gov’t over supply of ‘expired’ rice to Senior High Schools
2 hours -
No student has been served unwholesome meals – Nana Boakye
2 hours -
Galamsey has left our river deities powerless – Fetish Priest laments
2 hours -
It was unfair to destroy Leslie’s Fantasy Dome – Okraku-Mantey
2 hours