The federal government missed its treasury payments goal for the third consecutive week as traders continued to shift in direction of high-yielding devices, similar to mounted deposits.
In line with public sale outcomes by the Financial institution of Ghana, the federal government T-bills had been undersubscribed by almost 10%.
The Treasury obtained GH¢5.817 billion of the bids tendered, however accepted GH¢5.754 billion.
As soon as once more, the vast majority of the bids got here from the 91-day invoice.
About GH¢4.049 billion was tendered, representing 69.61% of the whole bids. The uptake was GH¢4.029 billion.
For the 182-day invoice, GH¢1.337 billion of the bids had been tendered. The bids accepted had been estimated to the tune of GH¢1.327 billion.
However, GH¢430.38 million was tendered for the 364-day invoice. About GH¢397.82 million was accepted.
In the meantime, the yield on the 91-day invoice and 182-day invoice went up, while that of the 364-day invoice declined marginally.
The yield on the 3-month invoice elevated by 28 foundation factors to 10.41%.
That of the 182-day invoice additionally rose to 12.38% from 12.23% the prior week.
Nonetheless, the yield on the 364-day invoice decreased by 8.0 foundation factors to 13.00%.
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