• 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 misses T-Bill target for the first time after months of oversubscription

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
1.1k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Gov’t misses T-Bill target for the first time after months of oversubscription

The Government, for the first time in over three (3) months of persistent oversubscription of its T-Bills missed its target of mobilizing some GHS 2.8bn via the short-term debt instruments.

The last time the Government’s Treasury Bill was undersubscribed was on December 4, 2023.

For the past 13 weeks, the short-term debt instruments had been oversubscribed by primary dealers notwithstanding the consecutive decline in yields on the T-Bills.

The Treasury, per the post-auction results made available by the Central Bank, raised some GHS 2.56bn, a shortfall of GHS 248m from the target of GHS 2.8bn.

Total bids of GHS 2.02bn, GHS 417m, and GHS 120m were made on the 91, 182, and 364-day T-Bills with the Government accepting all bids tendered for the securities.

Yields at which bids were made for the 91, 182, and 364-day stood at 25.73%, 28.22% and 28.83% respectively.

RelatedPosts

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

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

When compared to the yields recorded the previous week, there is a week-on-week marginal decline in yields by some 0.1%, 0.2%, and 0.1% respectively.

Per a market analysis by norvanreports, the under-subscription of the T-Bills by primary dealers (most of whom are banks) could be due to the rush by banks to comply with the new Capital Reserve Ratio (CRR) directive by the Central Bank as banks divert a portion of their excess liquidity which hitherto they would have invested in T-Bills into meeting the new requirement.

According to the Central Bank, effective April this year, banks will be mandated to adhere to the following cash reserve ratios based on their respective loan-to-deposit ratios:

  • Banks with a loan-to-deposit ratio exceeding 55% will be subjected to a currency Cash Reserve Ratio of 15%.
  • For banks maintaining loan-to-deposit ratios ranging between 40% and 55%, a Cash Reserve Ratio of 20% will be enforced.
  • Banks with loan-to-deposit ratios falling below 40% will face a more stringent requirement, with a Cash Reserve Ratio set at 25%.

Looking ahead, the Government coming this Friday will once again try to raise some GHS 3.45bn via the 91, 182, and 364-day Treasury Bills on the domestic debt market.

Meanwhile, the 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.

Tags: Gov’t misses T-Bill target for the first time after months of oversubscriptionoversubscriptionT-Bill target
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

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

August 2, 2025

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

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 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.