The federal government missed its treasury invoice goal for the third consecutive time this 12 months as investor demand for the short-term devices diminished.
In line with public sale outcomes by the Financial institution of Ghana, the Treasury rejected somewhat over GH¢2.3 billion of the entire bids regardless of recording a 7.59% undersubscription.
Total, the federal government acquired GH¢4.05 billion from the sale of the short-term devices as towards a goal of GH¢4.39 billion.
The vast majority of the bids got here from the 91-day invoice.
About GH¢3.380 billion representing 83% of the entire bids got here from the three.0 months invoice. The federal government solely accepted GH¢1.44 billion of the bids.
For the 182-day invoice, solely GH¢501.17 million have been tendered. The uptake was GH¢81.09 million.
Just a little over GH¢176 million have been tendered for the 364-day invoice, with the federal government accepting GH¢161 million of the bids.
In the meantime, rates of interest continued to fall on the yield curve.
The yield on the 91-day T-bill declined by solely 7.0 foundation factors to fifteen.64%.
The 182-day invoice additionally dropped to 16.50% from the earlier 16.70%.
The speed on the 364-day invoice additionally declined marginally to 18.83%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Invoice | 3.380bn | 1.449bn |
| 182 Day Invoice | 501.17m | 81.09m |
| 364 Day Invoice | 176.26m | 161.26m |
| Complete | 4.057bn | 2.365bn |
| Goal | 4.391bn |
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