Gov’t raises GHS 974m on fixed income market
Government, raised a total of GHS 974 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 830 million, GHS 94 million and GHS 49 million respectively – raising GHS 974 million below the targeted GHS 1,088 million in total.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 830.33 | 830.33 |
| 182-Day T-Bill | 94.34 | 94.34 |
| 364-Day T-Bill | 49.84 | 49.84 |
| TOTAL | 974.51 | 974.51 |
Regarding the yields of the issuances, the 91- Day bills gained 0.43% to close at 31.39% with the 182-Day bills also increasing by 0.30% to 32.24%.
The 364-Day bills gained 0.52% settling at 32.07%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 31.39% | 30.96% | 0.43% |
| 182-Day T-Bills | 32.24% | 31.94% | 0.30% |
| 364-Day T-Bills | 32.07% | 31.55% | 0.52% |
Government’s target for the next auction (Tender #1821) is GHS 1,561 million in the 91, 182 and 364-Day bills.
