Gov’t raises GHS 2,748m on fixed income market
Bids tendered in for the 91 and 182 days bills amounted to GHS 2,246 million and GHS 519 million respectively – raising GHS 2,748 million above the targeted GHS 1,852 million in total.
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Government, raised a total of GHS 2,748 million from the issuance of the 91 and 182 days treasury bills in last week’s auction.
Bids tendered in for the 91 and 182 days bills amounted to GHS 2,246 million and GHS 519 million respectively – raising GHS 2,748 million above the targeted GHS 1,852 million in total.
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BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK
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| Treasuries | Bids Tendered
(GH¢ MN) |
Bids Accepted
(GH¢ MN) |
| 91-Day T-Bill | 2246.56 | 2246.56 |
| 182-Day T-Bill | 519.87 | 502.01 |
| TOTAL | 2,766.43 | 2,748.57 |
Regarding the yields of the issuances, the 91- Day bills gained 0.637% to close at 36.18% with the 182-Day bills also increasing by 0.353% to 36.73%.
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RESULTS OF LAST WEEK’S TREASURY BILL AUCTION
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 36.18% | 35.54% | 0.637% |
| 182-Day T-Bills | 36.73% | 36.38% | 0.353% |
Government’s target for the next auction (Tender #1828) is GHS 1,816 million in the 91, 182 and 364-Day bills.
Source: norvanreport
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