Gov’t raises GHS 2,748m on fixed income market

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.

BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK 

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%.

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