Gov’t raises GHS 2,391m on fixed income market
Government, raised a total of GHS 2,391 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 2,066 million, GHS 224 million and GHS 101 million respectively – raising GHS 2,391 million above the targeted GHS 2,176 million in total.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 2,066.12 | 2,066.12 |
| 182-Day T-Bill | 224.44 | 223.55 |
| 364-Day T-Bill | 101.71 | 101.71 |
| TOTAL | 2,392.27 | 2,391.38 |
Regarding the yields of the issuances, the 91- Day bills gained 0.343% to close at 35.54% with the 182-Day bills also increasing by 0.388% to 36.38%.
The 364-Day bills gained 0.816% settling at 35.90%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 35.54% | 35.20% | 0.343% |
| 182-Day T-Bills | 36.38% | 35.99% | 0.388% |
| 364-Day T-Bills | 35.90% | 35.08% | 0.816% |
Government’s target for the next auction (Tender #1827) is GHS 1,852 million in the 91, 182 and 364-Day bills.
