yield

08 Mar

T-bills Auction: Government Gets ¢6.15bn At 24% Interest

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

The government beat the cost of its Treasury bills down significantly, securing ¢6.15 billion from the latest auction, about 121.6% oversubscription. It however accepted ¢4.52 billion of the bids from the investors, largely banks. According to results from the Bank of Ghana, the government reduced the pricing of the short term instruments from 35% to a yield of 24.16% for the 91-day T-bills. However, that of the 182-day and 364-day bills were sold at 26.55% and 27.54% respectively. The results further indicate that the 91-day T-bill received bids worth ¢2.73 billion. However, the government accepted ¢1.16 billion. For the 182-day…

03 Mar

T-Bills: Government Interest Cost For Last 3 Months Hits ¢4.416bn

wontumionlineBusinessinterest cost, Joe Jackson, T-Bills, yield

Interest cost on Government of Ghana Treasury bills for the last three months (December 2022, January 2023 and February 2023) is estimated at ¢4.416 billion. The government bought a total of ¢33.08 billion worth of T-bills in the last three months. The treasury instruments were sold by government at an average yield of 35%. In December 2022, the government secured ¢12.60 billion at an interest rate of 35.72%. Interestingly, the government in January 2023 reduced its appetite for the short-term securities, mobilising ¢7.3 billion at a rate of 35.66%. However, the government borrowing from T-bills significantly shot up to ¢13.1…