• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Gov’t exceeds GHS 15bn T-Bills target to mobilize GHS 22bn for January 2024

2 years ago
in Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
67
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Gov’t exceeds GHS 15bn T-Bills target to mobilize GHS 22bn for January 2024

Government successfully secured GH¢22.06 billion through treasury bills in January 2024, surpassing the initial target of GH¢15.13 billion by a substantial 35.80%.

This robust performance was primarily driven by heightened demand for the 91-day T-bill, signaling a strong investor appetite in the market.

Market observers anticipate a sustained uptake trend in February 2024, with the treasury poised to make a substantial cash coupon payment of approximately GH¢4.3 billion on the recently issued bonds.

However, expectations loom for a decline in yields as the market aligns with the ongoing disinflation trend, coupled with a noteworthy 100 basis points reduction in the monetary policy rate following the January 2024 Monetary Policy Committee decision.

In a recent money market auction by the Government, investors showcased overwhelming interest, as total bids soared to GH¢4.53 billion against a target of GH¢2.86 billion. In response to this demand, the government accepted all bids, further underscoring the confidence in the country’s financial instruments.

Yields experienced a notable contraction, with the 91-day and 182-day yields settling at 28.30% (-29 basis points) and 30.79% (-30 basis points) respectively. The 364-day yield also exhibited a decline, closing at 31.40% (-40 basis points). This downward trend in yields reflects the prevailing market dynamics and reinforces the impact of recent monetary policy adjustments.

RelatedPosts

GTDC Launches New Tourism Platforms and Awards Scheme to Boost Sector Competitiveness

US Open: Osaka Reaches Last Four; Anisimova Upsets Swiatek to Reach Semis

GSE Composite Index Advances as GCB Surpasses 70% YTD Return

 

Tags: BOGGov't exceeds GHS 15bn T-Bills target to mobilize GHS 22bn for January 2024T-bills
No Result
View All Result

Highlights

FIFA Unveils Dynamic Pricing for 2026 World Cup Tickets Ranging from $60 to $6,730

Ghana Races Toward Single-Digit Inflation in Stunning Economic Rebound

Communications Minister Threatens to Revoke Multichoice Licence by September 6

Cedi’s World-Beating Performance Upended by Imports Surge

Your Savings as Your Launchpad for a Better Financial Future

US Open: Alcaraz and Djokovic set up Blockbuster Semi-final

Trending

Business

GTDC Launches New Tourism Platforms and Awards Scheme to Boost Sector Competitiveness

September 4, 2025

GTDC Launches New Tourism Platforms and Awards Scheme to Boost Sector Competitiveness The Ghana Tourism Development Company...

US Open: Osaka Reaches Last Four; Anisimova Upsets Swiatek to Reach Semis

September 4, 2025

GSE Composite Index Advances as GCB Surpasses 70% YTD Return

September 4, 2025

FIFA Unveils Dynamic Pricing for 2026 World Cup Tickets Ranging from $60 to $6,730

September 4, 2025
A market woman exchange Ghana cedi with a customer in a market in Accra, Ghana, on November 3, 2021.

Ghana Races Toward Single-Digit Inflation in Stunning Economic Rebound

September 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.