• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Government raises Ghs 1.2 billion in fresh debt from issuance of 14-day T-bill

4 years ago
in highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
79
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Government has raised some Ghs 1,219 million in fresh debt from the issuance of a 14 day treasury bill.

This is per the auction results released by the Bank of Ghana (BoG). 

The auction held on Wednesday, June 9, 2021, saw government receive a total of Ghs 1,219 million from bids tendered by the various banks.

It is unclear whether government was able to achieve its target in the issuance of the short-term debt security as the total amount of bids tendered in by the banks as well as government’s target for the issuance of the debt security were both not disclosed in the auction results by the BoG.

The 14 day treasury bill was however, issued at a discounted rate of 13.4 percent. 

Meanwhile, Government, this Friday, June 11, 2021, is expected to raise some additional Ghs 1,171 million in debt through the issuance of 91, 182 and 364 days treasury bills.

The amount to be raised by government will be used to cater for its short-term financing needs.

RelatedPosts

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

Read: Government to raise Ghs 1.1 billion in T-bills issuance this Friday

Government’s target to raise the Ghs 1,171 million on the domestic debt market through the issuance of 91, 182 and 364 days T-bills is expected to be issued at a discounted rate of 12.4 percent.

Already, government, in the space of one week – May 28 to June 4 – has borrowed in excess of Ghs 3 billion also through the issuance of 91, 182 and 364 days treasury bills.

Per data provided by the Bank of Ghana (BoG) with regards to the auctioning of the 91, 182 and 364 days treasury bills, total bids tendered in by banks on May 28, 2021, totaled Ghs 1,852 million out of which government accepted Ghs 1,817 million – this is the first part of the Ghs 3 billion borrowed in a week.

Government, on the following week, June 4, 2021, accepted all bids tendered in for the 91, 182 and 364 days treasury bills. The realised amount was Ghs 1,241 million – the second part of the Ghs 3 billion borrowed – which was marginally below government’s target of Ghs 1,281 million.

A total of Ghs 1,142 million and Ghs 99 million in bids were tendered for the 91 day and 182 day T-bills respectively.

The bills were both issued at a discounted rate of 12.4 percent.

Source: norvanreports
Tags: 14 day treasury billBank of Ghana (BoG)Ghs 1.2 billion in fresh debt
No Result
View All Result

Highlights

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

CHAN: Morocco and Madagascar Advance to Semi-Finals, Ending Kenya and Tanzania’s Dreams

Chelsea Thrash West Ham 5-1, Increasing Pressure on Former Boss Graham Potter

Lithium Price Surge to be Short-Lived, Analysts Say

Gold Fields Targets 20% of Global Output from Tarkwa Mine by 2026

Trending

Business

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals The Trump administration is considering...

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

August 23, 2025
Von links nach rechts: Général Birame Diop, Verteidigungsminister ; Franziska Cusumano, CEO Mercedes-Benz Special Trucks (Daimler Truck AG) ; Cheikh Ibrahima Cisse, Präsident GTS Senegal  From left to right: Général Birame Diop, Minister for the Armed Forces (Defence) ; Franziska Cusumano, CEO Mercedes-Benz Special Trucks at Daimler Truck ; Cheikh Ibrahima Cisse, President GTS Senegal

Senegal and Mercedes-Benz Partner to Build Trucks

August 23, 2025

INTERPOL Recovers Over $90 Million From African Crime Syndicates

August 23, 2025

Djokovic and Gauff Gear Up for US Open with Strategic Focus

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.