Business News of Wednesday, 12 January 2022<\/p>\n
Source: <\/strong>www.ghanaweb.com<\/p>\n 2022-01-12<\/p>\n Over-subscription for treasury bill, a good signal for the economy – Report<\/b><\/p>\n Cost of the Treasury bills sale remain unchanged from last year<\/p>\n Rising debt and low revenue cause of high patronage<\/p>\n Sale of government\u2019s treasury bills was marginally oversubscribed up to almost GH\u00a21.03billion representing a 2.6% increase, a Joy Business report has said. <\/p>\n Also, interest rates have remained stable from last year indicating a good forecast for government especially in the first week of the year where treasury bills have experienced oversubscription, since the sale of treasury bills fluctuated throughout last year.<\/p>\n The mixed sale of the treasury bills can be attributed to perceived risks in the Ghanaian economy, as Ghana\u2019s debt keeps rising while revenue rates remained low.<\/p>\n It is however worthy of note that the cost of the Treasury bills did not change from that of the latter part of last year.<\/p>\n Government had kept interest rates low despite the occasional failure to meet their target for the sale of the T-bills during 2021.<\/p>\n However, this year\u2019s oversubscription show that liquidity might be improving on the interbank market.<\/p>\n Results from the auctioning revealed that, government accepted all the bids tendered by the investors, securing GH\u00a2865 million from the sale of the 91-day T-Bills with 12.52% interest rate, whilst the 6-months bill yielded GH\u00a2172 million with an interest of 13.19%.<\/p>\n Overall, government\u2019s target was GH\u00a2982 million from the auctioning of the T-Bills but it exceeded it\u2019s target to secure GH\u00a21037.64billion.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Business News of Wednesday, 12 January 2022 Source: www.ghanaweb.com 2022-01-12 First T-bills sale exceeded target Over-subscription for treasury bill, a good signal for the economy – Report Cost of the Treasury bills sale remain unchanged from last year Rising debt and low revenue cause of high patronage Sale of government\u2019s treasury bills was marginally oversubscribed […]<\/p>\n","protected":false},"author":1,"featured_media":210505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-746017","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/746017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=746017"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/746017\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=746017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=746017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=746017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"First](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2021\/07\/77775652.295.jpg\" "\\"First")
First T-bills sale exceeded target<\/span><\/span><\/p>\n<\/div>\n