Government to raise GHS 4.9bn in T-Bill issuance this week
The Central bank in this week’s auction is seeking to raise GHS 4.9bn through the issuance of 91, 182, and 364-Day bills.
The targeted amount is 11.36% more than the GHS 4.4bn targeted issuance last week.
The GHS 4.9bn targeted amount is meant to cover upcoming T-Bill maturities worth GHS 4.61 billion.
In last week’s T-Bill issuance, the Central Bank received GHS 855.87 million worth of bids above its GHS 4.4bn target.
Market demand for the treasury bills amounted to GHS 5,255.87 million, with 100% acceptance of all bids tendered.
The 91-day Bill was subscribed to the most among the three tenors, followed by the 182-Day Bill and
the 364-Day Bill.
Bids amounting to GH¢3,399.00 million, GH¢1,689.82 million, and GH¢167.05 million were accepted for the 91-Day, 182- Day, and 364-Day tenors, respectively.
Average yields changed trajectory, with a 2bps rise in the 182-Day and 364-Day bills each to record 26.94% and
27.93% respectively, while the 91-Day bill remained unchanged at 25.04%, compared to the previous week’s average rates.
