Fixed Income Market: Gov’t accept bids amounting to GHS 1.1bn
Government, at last week’s auction, raised a total of GHS 1,102 million from the issuance of the 91, 182 and 364 days treasury bills as accepted bids were marginally below tendered bids.
Some GHS 759.74 million was raised in 91-Day Bills, GHS 200.69million in the 182- Day Bills and GHS 142.29 million in 364-Day Bills as compared to GHS 1,222.69 million raised in 91-Day Bills and GHS 171.01 million in 182-Day Bills at the previous auction.
Auction results released by the Bank of Ghana, revealed that, yields on government short term securities continued to climb up, reflecting current inflationary pressures to settle at 23.70%, 25.41% and 26.86 for the 91-Day Bills, 182-Day Bills and 364- Day Bills respectively.
The tight monetary policy stance by BoG to help control price pressures is fuelling the rise in T-bill rates.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 23.70% | 22.57% | 1.13% |
| 182-Day T-Bills | 25.41% | 24.41% | 1.00% |
| 364-Day T-Bills | 26.86% | 24.46% | 2.40% |
The target for the next auction (Tender #1803) is GHS 1,393.70 million in 91-Day Bills and 182-Day Bills.
Examine report below:
Fixed Income Market Report_13.06.2022 by Fuaad Dodoo on Scribd
