The federal government failed to satisfy its treasury payments goal for the second week working. In accordance with public sale outcomes by the Financial institution of Ghana, the federal government’s T-bills had been undersubscribed by practically 30%.
The Treasury acquired a little bit over GH¢3 billion, in comparison with a goal of GH¢4.24 billion.
Nearly all of the bids got here from the 91-day invoice.
A little bit over GH¢2.0 billion, representing 68.4% of the bids, had been tendered for the 3-month invoice. The uptake was GH¢2.02 billion.
For the 182-day invoice, GH¢678.18 million of the bids had been tendered. The bids accepted had been estimated to the tune of GH¢537.69 million.
Additionally, GH¢272.58 million had been tendered for the 364-day invoice. About GH¢167 million had been accepted.
In the meantime, Rates of interest had been, nonetheless, blended on the yield curve
The yield on the 91-day invoice went down by 7.0 foundation factors to 10.13%.
That of the 182-day invoice, nonetheless, went as much as 12.23% from 11.54% the earlier week.
The yield on the 364-day invoice nonetheless decreased by 2.0 foundation factors to 13.08%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Invoice | 2.059bn | 2.023bn |
| 182 Day Invoice | 678.18m | 537.69m |
| 364 Day Invoice | 2722.58m | 167.66m |
| Whole | 3.009.99bn | 2.728.58bn |
| Goal | 4.242bn |
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