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Gov’t raises GHS 1.7bn on fixed income market

Osumanu Al-Hassan by Osumanu Al-Hassan
September 7, 2022
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Gov’t exceeds auction target of GHS 529m on fixed income market
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Government, raised a total of GHS 1,776 million from the issuance of the 91, 182 and 364 days treasury bills at last week’s auction.

Bids tendered in for the 91, 182 and 364-day bills amounted to GHS 1,448 million, GHS 218 million and GHS 109 million respectively.

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Government accepted all GHS 1,776 million bids made for the 91, 182 and 364 days T-bills.

BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK
Treasuries Bids Tendered  (GH¢ MN)Bids Accepted  (GH¢ MN)
91-Day T-Bill 1,448.48 1,448.48
182-Day T-Bill 218.66 218.66
364-Day T-Bill 109.41 109.41
TOTAL 1,776.55 1,776.55

Regarding the yields of the issuances, the 91- Day bills gained 0.44% to close at 29.05% with the 182-Day bills also increasing by 0.29% to 30.23%.

The 364-Day bills gained 0.50% settling at 30.02%.

RESULTS OF LAST WEEK’S TREASURY BILL AUCTION
GOG Treasuries Current Previous Change 
91-Day T-Bills 29.05% 28.61% 0.44%
182-Day T-Bills 30.23% 29.94% 0.29%
364-Day T-Bills 30.02% 29.52% 0.50%

Government’s target for the next auction (Tender #1815) is GHS 1,682 million in the 91 and 364-Day bills.

Tags: Treasure

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