Investor appetite for Ghana’s Treasury bills weakened last week, with bids falling short of the government’s target by GHC1.69 billion, according to auction results from the Bank of Ghana.
The government had aimed to raise GHC4.93 billion through the sale of 91-day, 182-day, and 364-day Treasury bills. However, total bids amounted to GHC3.94 billion, of which GHC3.23 billion was accepted.
Short-term instruments remained the most popular. The 91-day bill received bids totaling GHC2.55 billion, with GHC2.21 billion accepted. The 182-day bill recorded GHC762.97 million in bids, with GHC661 million taken up, while the 364-day instrument attracted GHC625.12 million in bids, of which only GHC359.17 million was accepted.
Interest rates edged higher across all tenors. The 91-day bill rate rose slightly to 4.81 percent from 4.78 percent, the 182-day yield jumped 26 basis points to 6.62 percent, and the 364-day bill climbed 19 basis points to 9.77 percent.
The marginal rise in yields indicates a repricing of investor expectations, reflecting potential uncertainties around inflation and market positioning ahead of an anticipated Treasury bond issuance.
Looking forward, the government plans to target GHC4.67 billion in the next auction to cover upcoming maturities and meet short-term financing needs.
Asaase 99.5 Accra, Asaase 98.5 Kumasi, Asaase 99.7 Tamale, Asaase 100.3 Cape Coast, AsaasePa 107.3 (Accra).
Affiliates: Bawku FM 101.5, Bead FM 99.9 (Bimbilla), Mining City Radio 89.5 (Tarkwa), Nandom FM 101.9, Nyatefe Radio 94.5 (Dzodze), Sissala Radio 96.3 (Tumu), Somuaa FM 89.9 (Gushegu), Stone City 90.7 (Ho) and Wale FM 106.9 (Walewale).
Listen online: asaaseradio.com, Sound Garden and TuneIn.
Follow us:
X: @asaaseradio995, @Asaase985ksi, @Asaase997tamale, @asaase1003, asaasepa1073
Instagram: asaaseradio99.5, asaase985ksi, asaase100.3, asaase99.7tamale, asaasepa107.3
LinkedIn: company/asaaseradio995. TikTok: @asaaseradio99.5
Facebook: asaase99.5, asaase985ksi, Asaase100.3, asaase99.7, AsaasePa107.3.
YouTube: AsaaseRadioXtra.
Join the conversation. Accra: call 020 000 9951/054 888 8995, WhatsApp 020 000 0995. Kumasi: call 059 415 7985 or call/WhatsApp 020 631 5260. Tamale: call/WhatsApp/SMS 053 554 6468. Cape Coast: call/WhatsApp 059 388 2652.
#AsaaseRadio
#AsaasePa
#TheVoiceofOurLand
