Gov’t raises ₵2.99 billion in latest T-Bills auction, exceeding target amid steady Interest Rates

Government successfully raised GHS 2.99 billion, exceeding its target of GHS 2.65 billion in a recent treasury bills auction, the Ghanaian
This achievement reflects a modest resurgence in demand for short-term government securities as interest rates remained steady across all tenors.
At the auction, government saw strong interest in its treasury bills, demonstrating confidence in the stability of the yield curve.
The majority of the funds raised came from the 91-day treasury bills, where GHS 2.36 billion was tendered and fully accepted.
For the 182-day treasury bill, GHS 573 million in bids were submitted, and all offers were also accepted.
Similarly, for the 364-day bill, GHS 64 million was tendered, with the entire amount being taken.
The interest rates for all three tenors remained unchanged from the previous auction. The 91-day bill continued to yield 24.87 per cent, the 182-day bill offered a rate of 26.8 per cent, and the 364-day bill provided a return of 27.78 per cent.
Source: classfmonline.com/Elikem Adiku
Trending Business
President Mahama assents to amended bills to abolish Betting Tax, E-Levy and Emissions Tax
14:43Wealth isn’t about flaunting mansions, cars on social media – Seidu Agongo says ‘real money hates noise’
12:55Clean Jobs Resources Limited denies involvement in illegal mining activities
12:19No more free electricity - Energy Minister to heads of SOEs
10:08Brigadier General Glover Annan Ashong takes office as new Customs Commissioner
11:20Gov’t must be deliberate in empowering businesspeople – Seidu Agongo
19:57Ghana’s development hinges on political-business collaboration – Seidu Agongo
19:47Agongo urges business leaders to mentor 300 youngsters each for Ghana’s future
21:40Jospong Group partner with Austria to boost waste-to-energy and skills training
16:49Bank loans: 35% interest rate senseless – Agongo says Heritage Bank would’ve charged 20% to force low rates
13:23