• 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-Bills auction target for first time in months over debt restructuring concerns

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
634
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Gov’t misses T-Bills auction target for first time in months over debt restructuring concerns

Government, for the first time in months, has missed its target for the auction of the 91 day and 182 day treasury bills.

Government, prior to the announcement of an IMF bailout in July, missed its weekly auction targets in the issuance of the short term debt securities (91, 182 and 364 days treasury bills).

News about a possible IMF bailout re-injected investor confidence in the economy which was evidenced by the oversubscription of government’s short term debt instruments.

However, recent talks about a domestic debt restructuring by government, has raised concerns among investors, particularly local investors – banks, pension funds, insurance companies etc.

The domestic debt restructuring by government will involve either a cut in principal loans owed investors or a reduction in interest on loans.

Banks, per reports, are likely to be the most affected by the domestic debt restructuring given their high exposure to government debts.

RelatedPosts

Lithium Price Surge to be Short-Lived, Analysts Say

Gold Fields Targets 20% of Global Output from Tarkwa Mine by 2026

Records Shattered at Inaugural Expanded FIFA Club World Cup in the USA

A domestic debt restructuring is likely to significantly impact the capital adequacy ratio of banks which measures their ability to absorb losses arising from bad loans.

Some analysts in the country, have noted that a heavy domestic debt restructuring by government will result in most banks being insolvent.

Auction target for Tender 1817 issued last Friday, September 23, was GHS 1.33bn. Government however, was only able to raise some GHS 1.19bn, a shortfall of GHS 139m.

Bids tendered for the 91 day and 182 day bills amounted to GHS 948 and GHS 244m respectively with government accepting all bids tendered.

The 91 day and 182 day bills were auctioned at interest rates of 30.5% and 31.6% respectively.

Auctresults-1817 by Fuaad Dodoo on Scribd

Source: norvanreports
Tags: domestic debt restructuringGov’t misses T-Bills auction target for first time in months over debt restructuring concernsIMF
No Result
View All Result

Highlights

FIFA Imposes Transfer Ban on Hearts of Oak Over $150,000 Hiddink Debt

AGI Presses GRA to Curb Illicit Imports as Cedi Appreciation Fuels Influx of Goods

Degas Ltd Pledges $100m to Position Ghana as Africa’s First AI-driven Agriculture Hub

Gold Fields Boosts H1 2025 Earnings, Eyes Reinvestment in Tarkwa as Damang Transition Looms

President Mahama’s High-Stakes Gamble: Is Ghana Giving Away Too Much to Foreign Investors?

Ghana, Côte d’Ivoire to see Limited Gains From Higher Cocoa Prices – Fitch Solutions

Trending

Features

Lithium Price Surge to be Short-Lived, Analysts Say

August 22, 2025

Lithium Price Surge to be Short-Lived, Analysts Say Lithium prices surged this week on concerns about supply...

Gold Fields Targets 20% of Global Output from Tarkwa Mine by 2026

August 22, 2025

Records Shattered at Inaugural Expanded FIFA Club World Cup in the USA

August 22, 2025

FIFA Imposes Transfer Ban on Hearts of Oak Over $150,000 Hiddink Debt

August 22, 2025

AGI Presses GRA to Curb Illicit Imports as Cedi Appreciation Fuels Influx of Goods

August 22, 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.