Government, at last week’s auction, raised a total of GHS 1,124 million from the issuance of the 91, 182 and 364 days treasury bills.
Bids tendered in for the 91, 182 and 364-day bills amounted to GHS 877 million, GHS 150 million and GHS 129 million respectively.
0ut of the total GHS 1,157 million bids made, government accepted bids totaling GHS 1,124 million for the 91, 182 and 364 days T-bills rejecting some GHS 33 million.
| BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK | ||
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 877.50 | 877.50 |
| 182-Day T-Bill | 150.54 | 145.49 |
| 364-Day T-Bill | 129.33 | 101.51 |
| TOTAL | 1,157.37 | 1,124.50 |
Regarding the yields of the issuances, the 91- Day bills gained 0.86% to close at 19.94% with the 182-Day bills also gaining 2.190% to increase to 13.21%.
The 364-Day bills gained 2.732% settling at 24.46%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 19.94% | 19.08% | 0.860% |
| 182-Day T-Bills | 22.95% | 20.76% | 2.190% |
| 364-Day T-Bills | 24.46% | 21.73% | 2.732% |
Government’s target for the next auction (Tender #1801) is GHS 1,228.00 million in the 91-Day Bills and 182-Day Bills.
Source nnorvanreports