• 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 Business

Gov’t borrows GHS 19.9bn in Treasury Bills for the month of March

1 year ago
in Business, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
281
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Gov’t borrows GHS 19.9bn in Treasury Bills for the month of March

Government borrowed a total of GH¢19.90 billion through treasury bills in March 2024, marking a 17% decline from the previous month’s borrowing of GH¢23.94 billion. The funds raised were used to refinance maturities worth GH¢14.47 billion, indicating a strategic approach to managing the country’s debt obligations.

Despite the reduced borrowing, yields on treasury bills continued to trend downwards, reflecting improved market confidence and liquidity conditions. The 91-day, 182-day, and 364-day bills closed at 26%, 28.5%, and 29.1% respectively, marking decreases of 128, 125, and 120 basis points from the previous month.

Looking ahead, analysts anticipate a more moderate decline in yields for April 2024. This cautious optimism is based on the slower disinflation process and the recent adjustment in the Cash Reserve Ratio (CRR) for banks with loan-to-deposit ratios below 55%.

The change in CRR is expected to impact liquidity levels and could influence investors’ demand for treasury bills.

Last week, demand for treasury bills fell short of the treasury’s target, as banks adjusted their cash reserves to meet the revised CRR requirements.

Despite this, the government accepted all bids, raising GH¢4.16 billion against a target of GH¢2.35 billion.

RelatedPosts

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

Yields continued their downward trajectory, declining by 25 basis points across all tenors. The 91-day and 182-day yields settled at 25.75% and 28.25%, while the 364-day bill closed at 28.85%.

For the upcoming week, the government aims to raise GH¢2.81 billion through the 91 to 364-day bills, primarily to settle refinancing obligations amounting to GH¢2.58 billion. This planned borrowing reflects the government’s commitment to proactive debt management and highlights its ability to navigate economic challenges effectively.

Tags: Gov't borrows GHS 19.9bn in Treasury Bills for the month of MarchTreasury bills
No Result
View All Result

Highlights

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

GFA Set To Release 2025/26 Premier League Fixtures On Monday August 4

Leclerc Claims Stunning Pole Position as McLaren Struggles in Changing Winds

Nigeria Losing Battle Against Hunger as Food Inflation Persists

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

Trending

Business

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here's Why American companies have cut investments in...

AI. Circuit board. Technology background, Central Computer Processors CPU concept..

How AI is Rewriting and Enhancing Water Risk Management

August 3, 2025

SheFarms Broiler Edition Kicks Off in Greater Accra

August 3, 2025

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

August 3, 2025

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

August 3, 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.