Last week\u2019s Treasury bill auction ended in an undersubscription, with total demand falling 22.12% short of target.<\/p>\n
The result breaks a streak of three consecutive oversubscriptions and follows a sharp drop in the interest rate offered on the 56-day Bank of Ghana (BoG) bill.<\/p>\n
According to the latest BoG data, the government sought to raise GHS 8.58 billion but secured GHS 6.69 billion. Out of GHS 5.02 billion in bids for the 91-day bill, GHS 4.99 billion was accepted.<\/p>\n
For the 182-day bill, GHS 1.23 billion was taken from GHS 1.37 billion in bids, while the 364-day bill recorded GHS 452 million in accepted bids from a total of GHS 490 million.<\/p>\n
Analysts say the undersubscription reflects the government\u2019s continued rejection of high-yield bids, alongside increased liquidity flows into the BoG\u2019s Monday and Wednesday auctions, which mobilised about GHS 6.2 billion ahead of Friday\u2019s sale.<\/p>\n
Yields on short-term securities continued to edge down, ranging between 10% and 13%. The 91-day bill yield fell by 9 basis points to 10.20%, the 182-day by 10 basis points to 12.25%, and the 364-day by 14 basis points to 13.10%.<\/p>\n
The government is targeting GHS 4.24 billion at the next auction.<\/p>\n","protected":false},"excerpt":{"rendered":"
Last week\u2019s Treasury bill auction ended in an undersubscription, with total demand falling 22.12% short of target. The result breaks a streak of three consecutive oversubscriptions and follows a sharp drop in the interest rate offered on the 56-day Bank of Ghana (BoG) bill. According to the latest BoG data, the government sought to raise […]<\/p>\n","protected":false},"author":123457,"featured_media":12503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[9,3525,41],"tags":[3759,3856],"class_list":["post-12502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","category-general-news","tag-ghana-news","tag-t-bill"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12502"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12502\/revisions"}],"predecessor-version":[{"id":12504,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12502\/revisions\/12504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/12503"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}