The federal government for the second consecutive week failed to fulfill its treasury payments goal.
That is regardless of a powerful efficiency of the Ghana cedi, rating it as the very best performing forex on the planet.
Based on public sale outcomes by the Financial institution of Ghana, the Treasury recorded a marginal undersubscription of the T-bills public sale.
It nevertheless acquired GH¢5.216 billion towards a goal of GH¢5386 billion of the bids tendered. It accepted all of the bids tendered.
About GH¢3.858 billion got here from the 91-day invoice, representing 73.96% of the entire bids.
For the 182-day invoice, GH¢747.06 million had been tendered.
Somewhat over GH¢611 million had been additionally tendered for the 364-day invoice.
In the meantime, rates of interest continued to plumet on the yield curve.
The yield on the 91-day invoice declined marginally by 9.0 foundation factors to fifteen.16%.
That of the 182-day additionally eased to fifteen.70% from the earlier 16.03%.
The curiosity on the 364-day invoice additionally dropped by 15 foundation factors to 16.80%.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
Source link
