The federal government treasury payments have been undersubscribed for the primary time in about three weeks regardless of a discount in rates of interest.
In line with public sale outcomes by the Financial institution of Ghana, the Treasury acquired roughly GH¢6.8 billion, in comparison with a goal of GH¢8.58 billion.
Nearly all of the bids got here from the 91-day invoice.
A bit of over GH¢5.02 billion, representing 72.9% of the bids, have been tendered for the 3-month invoice. The uptake was GH¢4.99 billion.
For the 182-day invoice, GH¢1.372 billion of the bids have been tendered. The bids accepted have been estimated to the tune of GH¢1.237 million.
However, GH¢490.41 million have been tendered for the 364-day invoice. About GH¢452 million have been accepted.
In the meantime, the yield on the 91-day invoice went down by 9.0 foundation factors to 10.20%.
That of the 182-day invoice additionally fell to 11.54% from 12.35% the prior week.
Equally, the yield on the 364-day invoice decreased by 14 foundation factors to 13.10%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Invoice | 5.027bn | 4.997bn |
| 182 Day Invoice | 1.372bn | 1.237bn |
| 364 Day Invoice | 490.41m | 452.68m |
| Whole | 6.890bn | 6.687bn |
| Goal | 8.588bn |
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