Gov’t raises GHS 1.3bn at increased yields on fixed income market
Government, through the Finance Ministry, at last week’s auction, raised a total of GHS 1,393 million from the issuance of the 91 and 182 days treasury bills at increased yields of 22.57% and 24.41% respectively.
Compared to the previous week, yields reflected increments of 2.63% and 1.46% for the 91 and 182 days treasury bills.
Indicating that, yields for the 91 and 182 days treasury bills were previously 19.94% and 22.95% respectively.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 22.57% | 19.94% | 2.63% |
| 182-Day T-Bills | 24.41% | 22.95% | 1.46% |
Bids tendered in for the 91 and 182 day bills amounted to GHS 1,222 million and GHS 172 million with government accepting all bids made.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,222.69 | 1,222.69 |
| 182-Day T-Bill | 172.96 | 171.01 |
| TOTAL | 1,395.65 | 1,393.70 |
Government’s target for the next auction (Tender #1802) is GHS 1,412.00 million in the 91-day bills, 182-day bills and 364-day bills.
Read report below:
Fixed Income Market Report_06.06.2022 by Fuaad Dodoo on Scribd
