• 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 Business

Treasury gulps GHS 5.2bn in T-Bill auction after $600m second tranche disbursement

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
155
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Treasury gulps GHS 5.2bn in T-Bill auction after $600m second tranche disbursement

The Bank of Ghana’s Treasury bills auction target of GHS 3,058 million received GHS 2,210 million bids more from primary dealers last week.

Bids amounting to GHS 5,268 million made by primary dealers were accepted by the Treasury on Friday’s auction.

The oversubscription of the Treasury’s short-term debt signals investor confidence in the Government’s debt management programme to return the country to debt sustainability, particularly following the approval and subsequent disbursement of the country’s second $600m tranche by the IMF.

According to the IMF Board, Ghana’s performance under the program has been strong. All quantitative performance criteria for the first review and almost all indicative targets and structural benchmarks have been met.

The IMF Board notes that reforms by Government are bearing fruit, and signs of economic stabilization are emerging.

Among the various tenors, the 91-day Bill attracted the highest number of bids followed by the 182-Day Bill and the 364-Day Bill.

The successful bids after the auction amounted to GHS 2,632 million, GHS 1,324 million, and GHS 1,312 million for the 91–Day, 182-Day, and 364-Day tenors respectively.

RelatedPosts

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

Silver Price Falls More Than 6% as Precious Metals Retreat

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

The auction yields settled at averages of 28.88% for the 91-Day Bill and 31.39% for the 182-Day Bill with both declining by 31bps and 35bps respectively compared to the average rates for the previous auction.

The 364-Day bill also saw a yield decline of 35bps to settle at 31.99%.

Looking ahead to the next auction, the treasury aims to raise some GHS 2,532 million through the issuance of the 91,182, and 364 Day bills to cater for impending maturities.

Meanwhile, the Government has earmarked some GHS 55.9bn as interest payments on domestic loans which are mainly treasury bills.

Government is seeking to borrow GHS 94.4 billion via treasury bills in 2024 to finance its expenditure.

This amount includes a GHS 31.8 billion buffer for T-Bill auction shortfalls.

Analysts believe the government will continue the excess uptakes of T-Bills auction which began late last year and into this new year to build the target buffer.

Tags: $600m second trancheIMFTreasuryTreasury gulps GHS 5.2bn in T-Bill auction after $600m second tranche disbursement
No Result
View All Result

Highlights

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

Ghana Unveils 500,000-Job Plan Through Expansion of Economic Crops

GPL: Medeama and Samartex share spoils in Tarkwa thriller as Dreams FC secure first win of the season

Premier League: Postecoglou Sacked After Forest Defeat; Arsenal Stays Top with Win at Fulham

Verstappen Clinches Pole Position for US Grand Prix in Austin

Let’s Collaborate to Exploit Full Potential of AfCFTA – Mahama to Grenada PM

Trending

Business

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

October 19, 2025

Global Shipping Emissions Deal Sinks After Last-Minute Collapse A decade-long effort to make the shipping industry the...

Silver Price Falls More Than 6% as Precious Metals Retreat

October 19, 2025

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

October 19, 2025

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

October 19, 2025

Ghana Unveils 500,000-Job Plan Through Expansion of Economic Crops

October 19, 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.