Gov’t raises extra GHS 230m on fixed income market
Government exceeded its Treasury bills auction target by GH¢230.91 million, raising a total of GH¢1,676 million.
However, accepted bids were below tendered bids as GH¢1,405.70 million was raised in 91-Day Bills and GH¢270.32 million in 182-Day Bills as compared to GH¢1,131.44 million raised in 91-Day Bills, GH¢494.85 million in 182-Day Bills and GH¢183.13 million in 364-Day Bills at the previous auction.
BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK
Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
91-Day T-Bill | 1,411.00 | 1,405.70 |
182-Day T-Bill | 311.91 | 270.32 |
TOTAL | 1,722.91 | 1,676.02 |
Interest rates for the money market instruments continued to remain relatively stable since the government’s only source of borrowing, for now, is the treasury market.
Yields settled at 35.66% and 35.95% for the 91-Day and 182-Day bills respectively.
GOG Treasuries | Current | Previous | Change |
91-Day T-Bills | 35.66% | 35.36% | 0.296% |
182-Day T-Bills | 35.95% | 35.98% | -0.033% |
The target for the next auction (Tender #1833) isGH¢1,125.00million in 91-Day,182-Day and364-Day Bills.