The government recorded a marginal oversubscription of treasury bill sales after three weeks of failing to meet its target.
This is coming after the International Monetary Fund approved the third review of Ghana’s Economic Facility (ECF) Programme following the completion of the restructuring of Eurobonds.
The government recorded 1.08% more than the targeted amount of GH¢4.565 billion cedis.
All the bids tendered were also accepted.
About GH¢3.88 billion, representing 84% of the total bids came from the 91-day bill.
Approximately GH¢500.68 million cedis were tendered for the 182-day bill. For the 364-day bill, GH¢225.96 million cedis were received from the investors.
Meanwhile, interest rates shot up marginally on the yield curve.
The yield on the 91-day bill was up by 16 basis points to 25.61%. That of the 182-day bill also increased to 26.90%, from the previous week’s 26.80%.
The rate on the 364-day bill declined by 7.0 basis points to 28.58%.
SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
91-Day Bill | 3.887bn | 3.887bn |
182 Day Bill | 500.68m | 500.68m |
364 Day Bill | 225.96m | 225.96m |
Total | 4614.47bn | |
Target | 4.565bn |
Latest Stories
-
AFCON 2025Q: Libyan FA denies ‘foul play’ in Super Eagles airport neglect
27 mins -
KTU emerges star school of the week in Big Chef Tertiary 2
46 mins -
JoySports Invitational: Tech company IS Evolutions Consult registers for event schedules for October 26
50 mins -
Richmond Adu-Poku: How digitisation is harming Ghana’s creative economy
54 mins -
JoySports Invitational: Axis Pension Trust registers for corporate sports event scheduled for October 26
55 mins -
Grand finale of 2024 Stemnnovation starts today; ends on Wednesday
1 hour -
Ghana’s tourism and hospitality industry marks Mental Health Day
1 hour -
JoySports Invitational: Sapholda Ventures vow to sweep titles at event scheduled for October 26
1 hour -
JoySports Invitational: National Insurance Commission signs up for event scheduled for October 26
2 hours -
Government resumes Eurobond debts servicing after completion of exchange programme with investors
2 hours -
T-bills auction: Government records marginal oversubscription; but interest rates rise
2 hours -
13 die in fatal accident on Kumasi-Obuasi Highway
2 hours -
EC publishes ballot statistics for 2024 election
2 hours -
AFCON 2025Q: Burkina Faso win to become first team to qualify for tournament
2 hours -
Bawumia is open, very accessible and down to earth – Kow Essuman
3 hours