The federal government missed its treasury payments goal for the fourth consecutive week as traders continued their shift in direction of high-yielding devices, together with fastened deposits.
Based on public sale outcomes by the Financial institution of Ghana, the federal government T-bills have been undersubscribed by practically 49%.
The Treasury acquired solely GH¢3.2 billion of the bids tendered, as in opposition to a goal of GH¢6.7 billion.
This reveals that demand for presidency securities has dwindled sharply in current weeks.
As soon as once more, nearly all of the bids got here from the 91-day invoice. About GH¢2.05 billion was tendered, representing 58.39% of the whole bids. The uptake was GH¢2.01 billion.
For the 182-day invoice, GH¢1.14 billion of the bids have been tendered. The bids accepted have been estimated to the tune of GH¢1.12 billion.
In distinction, GH¢321.06 million was tendered for the 364-day invoice. About GH¢184 million was accepted.
In the meantime, the yield went down throughout the curve.
The 91-day invoice decreased by 35 foundation factors to 10.41%.
That of the 182-day invoice additionally went right down to 12.37% from 12.38% the earlier week.
The yield on the 364-day invoice additionally decreased by a foundation level to 12.99%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Invoice | 2.053bn | 2.013bn |
| 182 Day Invoice | 1.142bn | 1.127bn |
| 364 Day Invoice | 321.06mm | 194.51m |
| Complete | 3.316bn | 3.335bn |
| Goal | 6.723bn |
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially signify the views or coverage of Multimedia Group Restricted.
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