The Fixed income Market is poised for gradual yield decline amid aggressive treasury stance and possible bond issuance. According to Databank Research’s Quarterly Report, it anticipates a broad-based downward trend in yields across the LCY yield curve from the second quarter of 2025 year-end, underpinned by improving macroeconomic fundamentals andContinue Reading
The government failed to meet its treasury bill target, just a week after it recorded a 17% oversubscription. According to the auction results by the Bank of Ghana, demand for the short-term instruments remains subdued due to the low yields. The government got GH¢3.537 billion from the sale of theContinue Reading
The government for the second consecutive week failed to meet its treasury bills target. This is despite an impressive performance of the Ghana cedi, ranking it as the best performing currency in the world. According to auction results by the Bank of Ghana, the Treasury recorded a marginal undersubscription ofContinue Reading
The government has once again fallen short of its Treasury bill target, missing it by GH¢2.69 billion for the third week in a row after rejecting GH¢2.37 billion in bids, likely misaligned with its yield expectations. According to the latest data from the Bank of Ghana (BoG), the government soughtContinue Reading
Ghana’s treasury bill yields have witnessed a significant decline since the beginning of the year. The yield on the 91-day bill has dropped sharply by 12.55% to 15.86%. That of the 182-day bill has also plummeted to 16.93%, a 12.04 percentage points fall. Finance Minister, Dr. Cassiel Ato Forson toutedContinue Reading
The Institute of Public Policy and Accountability (IPPA) has urged the Finance Minister, Dr. Cassiel Ato Forson not to celebrate over the recent sharp fall in treasury bills, saying the decline in the interest rates is artificial. In a statement, it said the lower treasury bill yields would have aContinue Reading
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
Interest rates are expected to remain elevated due to increasing demand for liquidity in the short-term market. The yield on the treasury bills hit the 30% mark last Friday, December 27, 2024. The rise in yields and bids for T-bills reflects investors’ strong desire to lock in at a higherContinue 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
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