The federal government recorded an oversubscription of its treasury payments public sale for the primary time in a month.
In line with public sale outcomes by the Financial institution of Ghana, the Treasury recorded a marginal 2.81% oversubscription of the T-bills sale.
It acquired GH¢6.67 billion from the T-bills sale however rejected GH¢121.7 million of the bids tendered.
About GH¢5.7 billion had been tendered for the 91-day invoice, representing 84.4% of the whole bids. The bids accepted had been estimated at GH¢5.67 billion.
For the 182-day invoice, GH¢908 million had been tendered. All the bids had been accepted.
Slightly over GH¢187 million had been additionally tendered for the 364-day invoice. All 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 19 foundation factors to fifteen.45%.
That of the 182-day additionally eased to 16.21% from the earlier 16.50%.
The curiosity on the 364-day invoice additionally dropped by 18 foundation factors to 18.65%.
he Minister for Commerce, Agribusiness and Trade, Elizabeth Ofosu-Adjare, for her half stated the federal government views the pharmaceutical sector not solely by means of the lens of public well being, but in addition as a strategic pillar of the economic transformation agenda.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Invoice | 5.799bn | 5.677bn |
| 182 Day Invoice | 908.44m | 908.44m |
| 364 Day Invoice | 157.94m | 157.94 |
| Whole | 6.865bn | 6.744bn |
| Goal | 6.678bn |
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