Gov’t raises GHS 1.7bn on fixed income market
Government, raised a total of GHS 1,776 million from the issuance of the 91, 182 and 364 days treasury bills at last week’s auction.
Bids tendered in for the 91, 182 and 364-day bills amounted to GHS 1,448 million, GHS 218 million and GHS 109 million respectively.
Government accepted all GHS 1,776 million bids made for the 91, 182 and 364 days T-bills.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,448.48 | 1,448.48 |
| 182-Day T-Bill | 218.66 | 218.66 |
| 364-Day T-Bill | 109.41 | 109.41 |
| TOTAL | 1,776.55 | 1,776.55 |
Regarding the yields of the issuances, the 91- Day bills gained 0.44% to close at 29.05% with the 182-Day bills also increasing by 0.29% to 30.23%.
The 364-Day bills gained 0.50% settling at 30.02%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 29.05% | 28.61% | 0.44% |
| 182-Day T-Bills | 30.23% | 29.94% | 0.29% |
| 364-Day T-Bills | 30.02% | 29.52% | 0.50% |
Government’s target for the next auction (Tender #1815) is GHS 1,682 million in the 91 and 364-Day bills.
