Gov’t accept bids worth GHS 1.09bn on income market
Government, at last week’s auction, raised a total of GHS 1,097 million from the issuance of the 91 and 182 days treasury bills.
Bids tendered in for the 91 and 182 day bills amounted to GHS 911 million and GHS 185 million respectively.
Cumulatively, total bids tendered amounted to GHS 1,097 million with government accepting all the bids tendered in for the short-term debt securities.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 911.38 | 911.38 |
| 182-Day T-Bill | 185.82 | 185.82 |
| TOTAL | 1,097.20 | 1,097.20 |
Regarding the yields of the issuances, the 91- Day bills gained 0.42% to close at 27.72% with the 182-Day bills also gaining 0.55% to increase to 29.29%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION |
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 27.72% | 27.34% | 0.42% |
| 182-Day T-Bills | 29.29% | 28.73% | 0.55% |
Government’s target for the next auction (Tender #1813) is GHS 1,167 million in the 91-Day Bills, 182-Day Bills and 364-Day Bills.
Examine report below:
Fixed Income Market Report_22.08.2022 by Fuaad Dodoo on Scribd
