Government raises GHS 2.34bn on fixed income market
Government raised a total of GHS 2,341 million from the issuance of the 91, 182 and 364 days treasury bills and a 5 year bond at last week’s auction.
Bids tendered in for the 91, 182 and 364-day bills and the 5 year bond amounted to GHS 629 million, GHS 807 million, GHS 40 million and GHS 862 million respectively.
Government accepted bids all GHS 2,341 million bids made for the 91, 182 and 364 days T-bills as well as the 5-year bond.
Regarding the yields of the issuances, the 91- Day bills gained 0.112% to close at 13.25% with the 182-Day bills also increasing by 0.184% to 13.21%.
Read: Guinness Ghana leads equities in value and volume traded
The 364-Day bills gained 0.001% settling at 16.96% whilst the 5 year FRX bond declined 0.25% to close at 20.75%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 13.25% | 13.14% | 0.112% |
| 182-Day T-Bills | 13.55% | 13.37% | 0.184% |
| 364-Day T-Bills | 16.96% | 16.96% | 0.001% |
| 5-Year FXR Bond | 20.75% | 21.00% | -0.250% |
Government’s target for the next auction (Tender #1790) is GHS 1,041 million in the 91, 182 and 364-Day bills.
Examine report below:
Fixed Income Market Report_14.03.2022 by Fuaad Dodoo on Scribd
