182-day bill Archives - Wontumi Online

27 Nov

T-bills: Interest Rates Fall For 3rd Week Running; Government Gets ¢5.008Bn

wontumionlineBusiness182-day bill, 364-day bill, 91-day bill, BoG, T-Bills

Interest rates fell for the third week running as demand for Treasury bills surged on the money market. According to auction results by the Bank of Ghana, the government secured nearly 40% oversubscription of the T-bills sale. The interest rate on the 91-day T-bill dropped marginally to 29.49% from 29.74% the previous week. The same could also be said about the 182-day bill as the rate went down to 31.75% from the preceding week’s 31.87%. That of the 364-day bill also declined to 33.23% from 33.46% previously. Meanwhile, the government received ¢5.008 billion from the sale of the T-bills, ¢1.42…

20 Nov

T-Bills Auction: Interest Rates Fell For Second Week Running; Government Secures ¢3.748Bn

wontumionlineBusiness182-day bill, 364-day bill, 91-day bill, Inflation, Interest rates, T-Bills

Interest rates fell for the second week running reflecting the ease in inflation. Inflation went down to 35.20% in the month of October 2023, signaling that the days of rising interest rates were over. According to auction results of Treasury bills by the Bank of Ghana, the government recorded a 14.75% oversubscription of the targeted amount. The interest rate on the 91-day T-bill went down marginally to 29.74% from 29.84% the previous week. That of the 182-day T-bill remained relatively the same at 31.87%. The rate on the one year-bill however fell slightly to 33.445% from the preceding week’s 33.446%.…

30 Oct

T-bills Auction: Interest Rates Up For 35th Week Running; Government Records 15.5% Oversubscription

wontumionlineBusiness182-day bill, 364-day bill, 91-day bill, Interest rates

Interest rates went up for the 35th week running as the yield on the 91-day Treasury bill almost reached 30%. According to the auction results by the Bank of Ghana, the government record 15.53% oversubscription to the tune of ¢2.58 billion. The rising interest rates would come as a huge cost to the government as interest payments are expected to go up. The yield on the 91-day T-bill hit 29.81% compared with 29.48% a week ago. For the 182-day bill, the rate went up by 22 basis points to 31.67%. That of the 364-day bill also reached 33.42%, from 33.21% the…

09 Oct

T-Bills Auction: Interest Rates Hit 33.01%; Government Records 24.5% Oversubscription

wontumionlineBusiness182-day bill, 364-day bill, 91-day bill, BoG, Interest rates, T-Bills

Interest rates shot up on the money market to hit 33.01%. This is coming despite the government recording a 24.5% oversubscription of Treasury bill sales at a lower target. According to the auction results from the Bank of Ghana, all the rates across the yield curve increased. Whilst the 364-day T-bill reached 33.01% from 32.85% the preceding week, that of the 182-day bill inched up to 31.21% as against 30.67% previously. The yield on the 91-day also went up by 0.69% to 29.19%. Analysts and market watchers are worried about the increasing domestic debt. Meanwhile, the bids tendered for the…

04 Oct

T-bills Auction: Government Borrowed ¢13.07Bn In September 2023

wontumionlineBusiness182-day bill, 364-day bill, 91-day bill, T-Bills

The government borrowed ¢13.07 billion via treasury bills in September 2023 Importantly, the Treasury recorded strong demand for T-bills in the month under review, as investors submitted total bids of about ¢1.06 billion, higher than the gross target of ¢12.01 billion. The government, however, accepted ¢12.88 billion to refinance maturities of ¢11.23 billion. On a monthly basis, the 91-day and 182-day yields advanced to 28.50% (+148 basis points) and 30.68% (+206 basis points), while the 364-day jumped to 32.51% (+127 basis points). Analysts foresee yields sustaining their upward trend as investors seek to further narrow inflation-adjusted losses. Last week, the…

25 Sep

T-bills Auction: Government Achieves 25% Oversubscription; Interest Rates Up For 5th Month Running

wontumionlineBusiness182-day bill, 364-day bill, 91-day bill, BoG, Interest rates

Interest rates surged for the 5th month running despite government recording 25.7% oversubscription of treasury bills auction. According to auction results from the Bank of Ghana, total bids tendered for the short term securities were estimated at about ¢3.25 billion. The government however accepted about ¢3.09 billion of the total bids. According to the figures from the Central Bank, ¢2.143 billion of the total bids came from the 91-day bill, but the government accepted 2.114 billion. For the 182-day bill, the bids tendered were estimated at ¢674.64 million. However, the government accepted about ¢548.72 million. All of the ¢433.28 million offered…

29 May

T-bills Auction: Government Fails To Meet Target Again; Interest Rates Still Surging

wontumionlineBusiness182-day bill, 364-day bill, 91-day bill, T-Bills, treasury market

The government’s heavy borrowing on the treasury market triggered another marginal under-subscription of Treasury bills sales by about 7.21%, as interest rates continued to surge. This is the third week running that the government has failed to meet its T-bills target because of the heavy borrowing on the financial market. The government was looking to rope in ¢3.43 billion cedis, but got about ¢3.18 billion. According to the auction results, it received bids of about ¢2.03 billion from investors for the 91-day T-bill, which it accepted about 99% of the bids. It also accepted about 99% of the bids tendered…