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Ghana T-bills Oversubscribed By 40%; 91-Day Bill Rate Falls To 18.52%.
Interest rates fell once again as government Treasury bills was oversubscribed by about 40.3% to the tune of ¢3.89 billion. According to the auctioning results by the Bank of Ghana, demand for the 91-day T-bill was very high, pushing the yield down. Following the successful completion of the Domestic Debt Exchange Programme, interest rates on the money market have witnessed a significant fall.…
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Weekly T-bills Auction: Ghana Govt Rejects All Bid By dealers.
Government rejected all the bids for the sale of Treasury bills from investors on Friday March 3, 2023. Joy Business learnt that government rejected the offer because the 35% plus interest that the investors, largely banks were quoting were too expensive. It was seeking to raise ¢2.78 billion from the T-bills this week to refinance maturing bills worth ¢2.55 billion, but it described the yield…
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Ghana Govt T-bills Sales Oversubscribed By 82%
Following the successful completion of the Domestic Debt Exchange Programme last week, government Treasury bills sale was significantly oversubscribed by about 82% to the tune of ¢3.10 billion. However, ¢2.75 billion was accepted. The government was seeking to raise ¢1.708 billion from this issuance. According to the auction result published by the Bank of Ghana, the 91-day T-bill was hugely…
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Ghana Govt T-bill Sale Misses Target By 20%
Government Treasury bill sale fell short of its target by about 20%, as uncertainty over the Domestic Debt Exchange (DDE) programme continues. According to the auction results, government mobilised ¢1.930 billion, as against a target of ¢2.415 billion. Buy at low price , Sell at High price ; Tap into the world’s largest financial market with EXNESS The undersubscription of the Treasury bills…
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Ghana Govt To Borrow GH¢2.42 bln (US$195 mln) In T-bills This Week
Government will borrow ¢2.42 billion in Treasury bills to refinance the upcoming maturities of ¢2.22 billion in this week’s T-bill auction. That’s according to its issuance calendar for the first quarter of this year. The securities that the government will be selling are the 91-day T-bill, the 182-day T-bill and the 364-day T-bill. Tap into the world’s largest financial market with…
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GOG 91 Day T-Bill Rate Up By 34.3%
GOG 91 Day T-Bill Rate Up By 34.3%
182 T-bill Interest rate continued to surge on the money market, going beyond 35% to reflect the increased inflation rate of 40.4% in October 2022. However, the government failed to meet the sale of the Treasury bills target marginally by 3.7%. This is the 5th week running that the government failed to achieve its target, but based on the numbers liquidity appears to be improving. Again, the…
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Bank of Ghana Supplies US$25 mln Against US$104.7 mln Demanded By Forex Auction Dealers
Bank of Ghana Supplies US$25 mln Against US$104.7 mln Demanded By Forex Auction Dealers
Demand for the US dollar surged further, according to the latest auction of the American ‘greenback’ by the Bank of Ghana (BoG). Data from the Central Bank indicates that demand surpassed supply by $79.75 million, compared with $75.25 million recorded a fortnight ago. According to the latest result from the sale of dollars through the Forex Forward Rates Auction to dealers, the Bank of Ghana…
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Ghana 91-day Treasury Bill Yield Up By 0.42% To 29.90%.
Ghana 91-day Treasury Bill Yield Up By 0.42% To 29.90%.
Interest rates continued to surge in the Treasury market, signaling the increasing cost of borrowing by the government and its impact on the business environment. This is coming despite government achieving its target from the sale of the Treasury securities for the 14th week running. The rising interest rates will certainly push interest payments further up. Though investor interest in the…
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