Gov’t exceeds T-bills target by 73%, but one-year yield bill almost 13.0%
The government exceeded its treasury bills target by 73%, with the one-year bill yield inching up to 12.98%. According to auction results by the Bank of Ghana, most investors once again bought more of the 364-day bill due to its high interest rate. The government got GH¢10.7 billion of the bids tendered but accepted GH¢9.4 […]
The government surpassed its treasury bills target by a significant 73%, with the one-year bill yield climbing to 12.98%. Auction results released by the Bank of Ghana revealed that most investors once again favored the 364-day bill due to its attractive interest rate. The government secured GH¢10.7 billion of the bids received, accepting GH¢9.4 billion.
The 364-day bill emerged as the most popular, with 55.8% of the total bids, accounting for a little over GH¢6.0 billion. The 182-day bill also found favor, receiving GH¢1.9 billion in bids and accepting GH¢1.1 billion. The 91-day bill saw a slight decrease in yield, dropping by 14 basis points to 5.62%.
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