The federal government recorded an oversubscription of its treasury payments after failing to fulfill its goal within the earlier public sale.
In line with public sale outcomes by the Financial institution of Ghana, the federal government recorded an 18.23% of the T-bills sale.
The federal government received GH¢7.265 billion, however rejected GH¢1.12 billion of the bids tendered.
About GH¢5.320 billion got here from the 91-day invoice, representing 73.23% of the full bids. The bids accepted had been estimated at GH¢5.210 billion.
For the 182-day invoice, GH¢1.56 billion had been tendered. The uptake was GH¢1.2 billion.
A bit over GH¢381 million had been additionally tendered for the 364-day invoice. About GH¢192 million of the bids had been accepted.
In the meantime, rates of interest continued to fall, however marginally on the yield curve.
The yield on the 91-day invoice declined marginally by 13 foundation factors to fifteen.32%.
That of the 182-day additionally eased to 16.03% from the earlier week’s 16.21%.
The curiosity on the 364-day invoice additionally dropped by 28 foundation factors to 18.37%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Invoice | 5.320bn | 5.210bn |
| 182 Day Invoice | 1.563bn | 1.291bn |
| 364 Day Invoice | 381.26m | 1192.98m |
| Whole | 7.265bn | 6.695bn |
| Goal | 6.145bn |
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