The government will raise about ¢3.21 billion in Treasury bills this Friday, March 24, 2023.
This will be done via the 91-day, 182-day and 364-day bills.
The amount raised will partly be used to refinance ¢1.88 billion worth of maturing T-bills.
Despite the large offer size, analysts believe the prevailing liquidity conditions will enable the government to reach its target.
Additionally, yields will continue to fall as investor demand remains firm.
The government raised ¢3.88bn in last week's T-bill auction. The uptake exceeded the auction target by 39.79%.
Yields on the 91-day and 182-day retreated to 18.53% (-147 basis points week-on-week) and 21.27% (-158 basis points week-on-week).
A chunk of the bids for the T-bills came from the 91-day T-bill as ¢2.90 billion was accepted.
For the 182-day bill, the bids submitted were estimated at ¢983.7 million. But ¢972.4 million was accepted.
Latest Stories
-
GPL 2024/25: Young Apostles hand Samartex first home defeat since March
59 mins -
Unconventional Trump brings openings and perils for Africa
1 hour -
Iseguri Initiative fights teenage pregnancy and early child marriage
2 hours -
‘Dreams quashed’: Foreign students and universities fear Australia’s visa cap
3 hours -
G20 talks in Rio reach breakthrough on climate finance, sources say
3 hours -
2024/25 Ghana League: Bechem United shock Chelsea in Berekum
4 hours -
GPL 2024/25: Nations FC beat Asante Kotoko to go top
4 hours -
GPL 2024/2025: Gold Stars drop to 2nd after 2-0 defeat to Medeama
4 hours -
#GPL 2024/25: Hearts pip Karela in Tamale to move into top 4
4 hours -
Feedback from Klopp, others more valuable than just anybody – Otto Addo to critics
5 hours -
Support us if you want to qualify for the World Cup – Otto Addo to Ghanaians
5 hours -
Defective ballot papers for Ahafo and Volta Regions destroyed by EC
5 hours -
Election 2024: Be fair and transparent – Togbe Afede to EC
5 hours -
AFCON 2025Q: Poor home form cost us – Otto Addo
5 hours -
Togbe Afede criticises recent Supreme Court rulings as uninspiring and illogical
5 hours