Government raises GHS 981m on fixed income market
Government, through the Finance Ministry, raised a total of GHS 981 million from the issuance of the 91, 182 and 364 days treasury bills at last week’s auction.
Bids tendered in for the 91, 182 and 364-day bills amounted to GHS 692 million, GHS 173 million and GHS 116 million respectively.
Government accepted all GHS 981 million bids made for the 91, 182 and 364 days T-bills.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 692.36 | 692.06 |
| 182-Day T-Bill | 173.13 | 173.13 |
| 364-Day T-Bills | 116.68 | 116.68 |
| TOTAL | 982.17 | 981.87 |
Regarding the yields of the issuances, the 91- Day bills gained 0.453% to close at 16.78% with the 182-Day bills also increasing by 1.109% to 17.42%.
The 364-Day bills gained 0.822% settling at 19.67%.
Read: Cal Bank equity price up by 4.6% as it emerges sole gainer on exchange
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 16.78% | 16.33% | 0.453% |
| 182-Day T-Bills | 17.42% | 16.32% | 1.109% |
| 364-Day T-Bills | 19.67% | 18.85% | 0.822% |
Government’s target for the next auction (Tender #1796) is GHS 907 million in the 91, 182 and 364-Day bills.
Examine report below:
Fixed Income Market Report_25.04.2022 by Fuaad Dodoo on Scribd
