Gov’t raises GHS 1.9bn on fixed income market
Government, raised a total of GHS 1,916 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 1,529 million, GHS 261 million and GHS 147 million respectively – GHS 1,938 million in total.
Government accepted bids amounting to GHS 1,916 million made for the 91, 182 and 364 days T-bills.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 29.91% | 29.48% | 0.43% |
| 182-Day T-Bills | 31.14% | 31.05% | 0.09% |
| 364-Day T-Bills | 30.47% | 30.02% | 0.45% |
Regarding the yields of the issuances, the 91- Day bills gained 0.43% to close at 29.91% with the 182-Day bills also increasing by 0.09% to 31.14%.
The 364-Day bills gained 0.45% settling at 30.47%.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,529.15 | 1,520.71 |
| 182-Day T-Bill | 261.74 | 248.92 |
| 364-Day T-Bill | 147.15 | 147.15 |
| TOTAL | 1,938.04 | 1,916.78 |
Government’s target for the next auction (Tender #1817) is GHS 1,331 million in the 91 and 364-Day bills.
Fixed Income Market Report_19.09.2022 by Fuaad Dodoo on Scribd
