27.2 C
Wednesday, February 21, 2024

Related stories

COCOBOD CEO emphasizes competitive prices as key solution to cocoa smuggling

Joseph Boahen Aidoo, the Chief Executive Officer (CEO) of...

Decline in global cocoa price caused loss of GHS2bn in 2021 – COCOBOD

The Chief Executive of the Ghana Cocoa Board (COCOBOD),...

Ghana, 27 developing countries broke; no escape anytime soon – World Bank

The World Bank has revealed that 28 developing economies,...

Japan govt provides 6 Toyota Hilux pick-ups to GEA for MSMEs growth

The Ghana Enterprise Agency (GEA), under the close leadership...

Atta Akyea suggests MIIF CEO may face further inquiry on Agyapa Deal

Chairman of the Mines and Energy Committee of Parliament,...
BusinessGovt outperforms T-bill goal, secures GHC22.06b in January 2024


Govt outperforms T-bill goal, secures GHC22.06b in January 2024

In January 2024, the government exceeded its treasury bill target, borrowing GH¢22.06 billion, marking an increase of approximately 35.80% from the planned GH¢15.13 billion.

The majority of bids were dominated by the 91-day T-bill, as reported by Joy Business.

- Advertisement -

Analysts anticipate a continued upward trend in uptake for February 2024, with an estimated cash coupon payment of about GH¢4.3 billion on the new bonds.

However, yields are expected to decline in line with disinflation and a 100 basis points cut in the monetary policy rate.

- Advertisement -

During the previous week, investors showed significant interest in the treasury’s money market auction, with total bids reaching GH¢4.53 billion against a GH¢2.86 billion target, all of which were accepted.

Yields saw a decrease, with the 91-day and 182-day reaching 28.30% and 30.79%, respectively, while the 364-day yield closed at 31.40%.

Latest stories


Please enter your comment!
Please enter your name here