Audio By Carbonatix
The government will borrow ¢4.08 billion on the treasury market tomorrow December 29, 2023.
This will be done through the issuance of the 91-day, 182-day and 364-day bills.
The uptake will partly be used to refinance estimated maturities of ¢2.55 billion.
There will be a substantial difference of ¢1.53bn between the target and refinancing obligation, pointing to the government’s need for funds to support its budget.
Analysts therefore expect a rise in T-bill yields this week.
Last week’s Treasury bill auction garnered substantial investor participation, with total bids of ¢3.58 billion. This surpassed the gross target by 38%.
The government raised ¢3.57 billion across the treasury market.
The auction saw money market yields closing higher as the government sought to raise new fund for budgetary support.
Yields on the 91-day and 182-day tenors increased by 31 and 81 basis points, respectively, to 29.36% and 31.95%. The 364-day yield was unchanged at 32.49%.
Latest Stories
-
Ghana is rising again – Mahama declares
5 hours -
Firefighters subdue blaze at Accra’s Tudu, officials warn of busy fire season ahead
5 hours -
New Year’s Luv FM Family Party in the park ends in grand style at Rattray park
5 hours -
Mahama targets digital schools, universal healthcare, and food self-sufficiency in 2026
5 hours -
Ghana’s global image boosted by our world-acclaimed reset agenda – Mahama
6 hours -
Full text: Mahama’s New Year message to the nation
6 hours -
The foundation is laid; now we accelerate and expand in 2026 – Mahama
6 hours -
There is no NPP, CPP nor NDC Ghana, only one Ghana – Mahama
6 hours -
Eduwatch praises education financing gains but warns delays, teacher gaps could derail reforms
6 hours -
Kusaal Wikimedians take local language online in 14-day digital campaign
7 hours -
Stop interfering in each other’s roles – Bole-Bamboi MP appeals to traditional rulers for peace
7 hours -
Playback: President Mahama addresses the nation in New Year message
8 hours -
Industrial and Commercial Workers’ Union call for strong work ethics, economic participation in 2026 new year message
10 hours -
Crossover Joy: Churches in Ghana welcome 2026 with fire and faith
10 hours -
Traffic chaos on Accra–Kumasi Highway leaves hundreds stranded as diversions gridlock
10 hours