The federal government missed its goal for treasury payments for the ninth week, as liquidity remained tight on the cash market forward of the December 2024 elections.
In keeping with public sale outcomes from the Financial institution of Ghana, the federal government’s goal fell quick by GH¢754.86, about 13.47% undersubscription.
The federal government secured GH¢4.84 billion from a goal of GH¢5.604 billion.
All of the bids tendered for the short-term devices have been accepted.
GH¢3.903 billion was tendered for the 91-Day Invoice. This represented 80.49% of the overall bids.
For the 182-Day Invoice, GH¢748.58 million was tendered.
The 364-Day Invoice acquired the bottom bid of GH¢197.11 million.
In the meantime, rates of interest went up marginally on the yield curve.
The yield on the 91-Day Invoice went up by 2.0 foundation factors to 24.90%.
That of the 182-Day Invoice remained comparatively the identical at 26.78%.
Nevertheless, the 364-Day Invoice elevated barely to 27.92% from the earlier week’s 27.91%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91-Day Invoice | 3.903 billion | 3.903 billion |
| 182-Day Invoice | 748.58 million | 748.58 million |
| 364-Day Invoice | 197.11 million | 197.11 million |
| Whole | 4849.14 billion | 4849.14 billion |
| Goal | 5.604 | |