Government raises GHS 2.75bn on fixed income market
Government, at last week’s auction, raised a total of Ghs 2,758.85 million from the issuance of the 91 and 182 days treasury bills and a 2 year treasury note.
Bids tendered in for the 91 and 182-day bills and 2 year treasury note amounted to GHS 997 million, GHS 95 million and GHS 1,686 million respectively.
Government in last week’s auction accepted all bids made for the 91 and 182 days T-bills as well as the 2-year treasury note.
This compares to the GHS 890 million raised from the 91-day bills, GHS 109 million raised from the 182-day bills and GHS 190 million raised from the 364-Day bills in the previous week’s auction.
Read: Societe Generale leads equities on the stock market
Yields for all three issues; 91-Day bills, 182-Day bills and the 2 Year Note declined to close at 12.48%, 13.16% and 19.75% respectively.
Government’s target for the next auction (Tender #1776) is GHS 775.00 million in the 91 and 182-Day bills.
Peruse details of Fixed Income Market report by SIC:
Fixed Income Market Report_06.12.2021 by Fuaad Dodoo on Scribd
