Gov’t exceeds auction target of GHS 1,176m on income market
Government, at last week’s auction, raised a total of GHS 1,357 million from the issuance of the 91 day and 182 day treasury bills.
Some GHS 1,156 million was raised in 91-day bill and GHS 200 million in the 182 day bill.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1156.46 | 1156.28 |
| 182-Day T-Bill | 200.93 | 200.93 |
| TOTAL | 1,357.39 | 1,357.21 |
Auction results released by the Bank of Ghana, revealed that, yields on government short term securities continued to climb up, reflecting current inflationary pressures to settle at 30.96% and 31.94% for the 91 day bill and 182 day bill respectively.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 30.96% | 30.45% | 0.510% |
| 182-Day T-Bills | 31.94% | 31.57% | 0.370% |
The target for the next auction (Tender #1820) is GHS 1,088 million in 91 day, 182 day and 364 day bills.
Fixed Income Market Report_10.10.2022 by Fuaad Dodoo on Scribd
