"Gov\u2019t raises extra GHS 230m on fixed income market"

" Gov\u2019t raises extra GHS 230m on fixed income market \r\n\r\n Government exceeded its Treasury bills auction target by GH\u00a2230.91 million, raising a total of GH\u00a21,676 million. \r\n\r\n However, accepted bids were below tendered bids as GH\u00a21,405.70 million was raised in 91-Day Bills and GH\u00a2270.32 million in 182-Day Bills as compared to GH\u00a21,131.44 million raised in \u00a0 91-Day Bills, GH\u00a2494.85 million in 182-Day Bills and GH\u00a2183.13 million \u00a0 in 364-Day Bills at the previous auction. \u00a0 \r\n\r\n BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK \u00a0 \r\n \r\n \r\n \r\n Treasuries\u00a0 \r\n Bids Tendered \u00a0 \r\n\r\n (GH\u00a2 MN) \r\n Bids Accepted \u00a0 \r\n\r\n (GH\u00a2 MN) \r\n \r\n \r\n 91-Day T-Bill\u00a0 \r\n 1,411.00\u00a0 \r\n 1,405.70 \r\n \r\n \r\n 182-Day T-Bill\u00a0 \r\n 311.91\u00a0 \r\n 270.32 \r\n \r\n \r\n TOTAL\u00a0 \r\n 1,722.91\u00a0 \r\n 1,676.02 \r\n \r\n \r\n \r\n Interest rates for the money market instruments continued to \u00a0 remain relatively stable since the government\u2019s only source of \u00a0 borrowing, for now, is the treasury market. \r\n\r\n Yields settled at 35.66% and 35.95% for the 91-Day and 182-Day bills respectively. \u00a0 \r\n \r\n \r\n \r\n GOG Treasuries\u00a0 \r\n Current\u00a0 \r\n Previous\u00a0 \r\n Change\u00a0 \r\n \r\n \r\n 91-Day T-Bills\u00a0 \r\n 35.66%\u00a0 \r\n 35.36%\u00a0 \r\n 0.296% \r\n \r\n \r\n 182-Day T-Bills\u00a0 \r\n 35.95%\u00a0 \r\n 35.98%\u00a0 \r\n -0.033% \r\n \r\n \r\n \r\n The target for the next auction (Tender #1833) isGH\u00a21,125.00million in 91-Day,182-Day and364-Day Bills. "

"Gov\u2019t raises extra GHS 230m on fixed income market"

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