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2 clusters · 2 sources · 19 days · First seen · Last updated

Ghana Treasury bill auction trends

Overview

In early October, Ghana's government exceeded its Treasury bill target by 30.52 percent, receiving bids totaling GH¢2.93 billion. While the Treasury accepted GH¢1.77 billion of those bids against a target of GH¢2.24 billion, yields for 91-day, 182-day, and 364-day bills showed decreases, with the 91-day yield declining to 4.64 percent.

By late October, the government continued to exercise pricing discipline by rejecting GH¢873.94 million in bids during an October 23 auction. Although investors tendered GH¢4.27 billion against a target of GH¢3.80 billion, the Treasury accepted only GH¢3.39 billion. This resulted in further declines in yields for 91-day, 182-day, and 364-day bills.

Entities

Ghana · Central Bank of Oman · Oman · Kenya · Central Bank of Kenya

Timeline

  1. [BUSINESS] 2 sources
    Ghana and Kenya report mixed results in recent Treasury bill auctions

    Ghana's government rejected GH¢873.94 million in Treasury bids to maintain pricing discipline, while Kenya's CBK saw a 57.9% drop in auction demand as yields declined.

  2. [BUSINESS] 6 sources
    Oman and Ghana report latest Treasury bill auction results

    Oman issued $51.2 million in Treasury bills with a focus on 91-day maturities, while Ghana's government exceeded its debt auction target despite softening demand and declining yields.

Sources

businesstoday.co.ke · norvanreports.com