The government borrowed ¢16.34 billion via Treasury bills in December 2023, about 6.62% more than in November 2023.
This was to refinance matured bills worth ¢12.83 billion. The excess uptake was also used to cover other budgetary needs.
Investor demand for T-bills remained robust in December 2023, as the treasury received bids of ¢16.35 billion versus a combined target of ¢16.12 billion.
Yields saw mixed performance on a month-on-month basis, with the 91-day bill declining to 29.36%, while the 182-day advanced to 31.95%.
The 364-day yield also recorded a 74 basis points decline to 32.49%.
Analysts anticipate high auction uptakes in January 2023 to present upside pressures to T-bill yields, though continued disinflation may slow the rise.
If inflation continues to decline, yields will also come down.
The treasury received bids totalling ¢4.21 billion in the last auctioning for 2023 against an auction target of ¢4.08bn.
The government accepted all bids, with the uptake exceeding the week’s refinancing obligation by 65%.
Latest Stories
-
Top 20 Ghanaian songs released in 2024
22 seconds -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
14 minutes -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
25 minutes -
Kudus sights ‘authority and kingship’ for elephant stool celebration
26 minutes -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
60 minutes -
Nana Aba Anamoah, Cwesi Oteng to attend Philip Nai and Friends’ charity event
1 hour -
Environmental protection officers receive training on how to tackle climate change
1 hour -
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
2 hours -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
2 hours -
NDC grateful to chiefs, people of Bono Region -Asiedu Nketia
2 hours -
Ban on smoking in public: FDA engages food service establishments on compliance
2 hours -
Mahama’s administration to consider opening Ghana’s Mission in Budapest
2 hours -
GEPA commits to building robust systems that empower MSMEs
2 hours -
Twifo Atti-Morkwa poultry farmers in distress due to high cost of feed
2 hours -
Central Region PURC assures residents of constant water, power supply during yuletide
2 hours