Gov’t exceeds auction target of GHS 928m on income market
Government exceeded its target of raising GHS 928 million in the issuance of the 91, 182 and 364 days treasury bills on the fixed income market.
At last week’s auction, government in auctioning the short term debt instruments managed to secure GHS 1,321 million raising an additional GHS 393 million to its programmed auction target of GHS 928 million.
Accepted bids were below tendered bids as GHS 1,001 million; GHS 214 million and GHS 106 million were raised in the 91-day, 182-day and 364-day bills respectively.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,007.62 | 1,001.33 |
| 182-Day T-Bill | 214.05 | 214.05 |
| 364-Day T-Bill | 107.06 | 106.46 |
| TOTAL | 1,328.73 | 1,321.84 |
Yields marginally moved up [except for the 182 day bill], reflecting current Inflationary pressures to settle at 25.89%, 26.55% and 27.49% for the 91-day, 182-day and 364 day bills respectively.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 25.89% | 25.88% | 0.01% |
| 182-Day T-Bills | 26.55% | 26.57% | -0.20% |
| 364-Day T-Bills | 27.49% | 27.43% | 0.06% |
Government’s target for the next auction is GHS 932 million in the 91- day and 182-day bills.
Fixed Income Market Report_12.07.2022 by Fuaad Dodoo on Scribd
