Demand for treasury bills soared on the money market as T-bills were oversubscribed by more than 55%. However, interest rates continued to surged, increasing the government’s cost of repaying the short-term instruments. According to action results by the Bank of Ghana, the government got a remarkable GH¢8.075 billion from theContinue Reading
The government achieved about 9.0% oversubscription of treasury bills sales, barely a week after it recorded a marginal undersubscription. It got GH¢4.65 billion against a target of GH¢4.262 billion. All the bids tendered for the short-term instruments were accepted. A chunk of the bids came from the 91-day bill in whichContinue Reading
Total bids received for treasury bills auction in November 2024 was estimated at GH¢21.5 billion. This fell short of the government’s gross target of GH¢22.8 billion. The government allotted all bids to exceed the refinancing obligation by 8.3%. However, it fell short of the target by 5.5% with a sustainedContinue Reading
The government recorded a 19.75% over-subscription of treasury bills barely a week after President Mahama won the presidential elections. According to the Bank of Ghana’s T-bill auction results, demand for the short-term instruments soared following successful general elections. The government got GH¢8.20 billion from selling the short-term instruments. All theContinue Reading