Gov’t raises GHS 1,977m on fixed income market
Government, raised a total of GHS 1,977 million from the issuance of the 91, 182 and 364 days treasury bills in last week’s auction.
Bids tendered in for the 91, 182 and 364-day bills amounted to GHS 1,827 million, GHS 145 million and GHS 10 million respectively – raising GHS 1,977 million below the targeted GHS 2,060 million in total.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,827.52 | 1,827.52 |
| 182-Day T-Bill | 145.69 | 142.03 |
| 364-Day T-Bill | 10.03 | 7.86 |
| TOTAL | 1,983.24 | 1,977.41 |
Regarding the yields of the issuances, the 91- Day bills gained 1.049% to close at 34.39% with the 182-Day bills also increasing by 0.649% to 35.50%.
The 364-Day bills gained 0.282% settling at 35.08%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 34.39% | 33.34% | 1.049% |
| 182-Day T-Bills | 35.50% | 34.85% | 0.649% |
| 364-Day T-Bills | 35.08% | 34.80% | 0.282% |
Government’s target for the next auction (Tender #1825) is GHS 1,168 million in the 91, 182 and 364-Day bills.
