Gov’t raises GH¢3,671m on fixed income market

At last week’s auction, the Government exceeded its target by GH¢1,946.90 million as investors’ demand for treasury bills increased.

A total of GH¢3,671.28 million bids were accepted with the majority of the bids coming from the 91-Day Bills. 

GH¢2,393.02 million, GH¢691.43 million, and GH¢586.83 million were raised in 91-Day, 182-Day, and 364-Day bills respectively compared to GH¢1,422.18 million in 91-Day bills, GH¢921.21 million in  182-Day bills and GH¢62.12 million in 364-Day bills at the previous week’s auction.

BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK

Treasuries Bids Tendered (GH¢ MN)Bids Accepted (GH¢ MN)
91-Day T-Bill 2,404.53 2,393.02
182-Day T-Bill 779.31 691.43
364-Day T-Bill 747.06 586.83
TOTAL 3,930.90 3,671.28

Interest rates for the money market instruments continued to  decline settling at 34.93%, 36.03%,and 36.10%for the 91-Day,182-Day, and 364-Day bills respectively.

RESULTS OF LAST WEEK’S TREASURY BILL AUCTION

GOG Treasuries Current Previous Change 
91-Day T-Bills 34.93% 35.57% -0.64%
182-Day T-Bills 36.03% 36.53% -0.50%
364-Day T-Bills 36.10% 36.19% -0.08%

The target for the next auction (Tender #1830) is GH¢1,438.00 million in91-Day and182-Day Bills.

income markettreasury bills