A fresh debt of ¢610 million was added to the country’s domestic debt at the end of the Treasury bills auction last week.
The government accepted ¢2.58 billion of the offer to support the refinancing of ¢1.97 billion maturing bills.
Last week’s auction experienced robust demand.
Yields on all tenors sustained their upward trend, reaching a 32-week high across the board.
The 91-day increased 40 basis points to 29.19%, while the 182-day expanded 30 basis points to 31.22%. The 364-day also advanced 20 basis points to 33.02%.
The government recorded 24.5% oversubscription of T-bill sales.
About ¢2.170 billion were offered for the short-term security, but the government accepted ¢2.155 billion cedis.
For the 182-day bill, about ¢375.3 million were tendered, but the government accepted ¢353.35 million of the bids.
With regard to the 364-day bill, the government took ¢67.46 million of the ¢80.17 million tendered.
Ghana’s public debt went up by about ¢6.3 billion between April and June 2023 to reach ¢575.5 billion in June 2023, data from the Bank of Ghana has revealed.
This is equivalent to $52.3 billion, approximately 71.9% of Gross Domestic Product (GDP).
According to the data from then Bank of Ghana, the domestic debt component stood at ¢246.9 billion at the end of June 2023, about 30.8% of GDP. This is compared with ¢247.9 billion in April 2023, approximately 30.9% of GDP.
Latest Stories
-
Bawumia will be the next president of Ghana – Prophet William Braham
5 mins -
Honouring Jerry John Rawlings: A legacy of ethical leadership, development, and environmental stewardship
10 mins -
Herbert Mensah elected to World Rugby Executive Board
12 mins -
Shatta Wale’s girlfriend welcomes baby girl
13 mins -
AFCON 2025: ‘It’s very disappointing’ – Michail Antonio on Ghana’s potential failure to qualify
18 mins -
NLC secures injunction against Ghana Highway Authority industrial strike
31 mins -
Pencils of Promise commissions 3 Unit Classroom block for Adaklu Seva Basic School
38 mins -
Ghana Library Association embraces AI as it seeks to improve service delivery
40 mins -
2024 Election: Kumasi market Queens pledge to choose NPP gov’t
51 mins -
Full Supreme Court ruling on vacant seats controversy
52 mins -
MPs seat can only be vacated if they switch political parties in Parliament – Supreme Court
58 mins -
KMJ, Doreen Avio to host 2024 Ghana Music Awards UK
1 hour -
Severe water shortage hits two schools in Northern Region
1 hour -
Ghana needs a concise national innovation strategy – Professor Kwaku Atuahene-Gima
1 hour -
We’ll expand technology to combat corruption – Joe Ghartey
2 hours